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U.S., EU vow to revive growth, solve crisis


15:19, November 29, 2011

WASHINGTON, Nov. 28 (Xinhua) -- The United States and the European Union (EU) on Monday vowed to work together to revive economic growth and solve financial crisis, a U.S.-EU joint statement said on Monday.

"We are committed to working together to reinvigorate economic growth, create jobs, and ensure financial stability," said the statement.

"We will do so by taking actions that address near-term growth concerns, as well as fiscal and financial vulnerabilities, and that strengthen the foundations of long-lasting and balanced growth," it said.

The United States welcomed the EU's "actions and determination" to take all steps necessary to restore financial stability and solve the eurozone crisis, and the EU looked forward to U.S. action on medium term fiscal consolidation, said the statement.

The two sides also agreed on the importance of working together with emerging economies to foster policies supporting sustained and balanced global growth.

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