Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Speech By The UK Chancellor Of The Exchequer At The Wall Street Journal Europe, CEO Summit 2003, Four Seasons Hotel, London

Date 24/11/2003

Introduction

I am grateful to have the opportunity to address this Wall Street Journal conference. To have the chance to thank the Wall Street Journal for its contribution to the debate about the future of Europe.

And to have a further opportunity beyond your columns to engage in the most critical debate about the future of Europe - what changes Europe must make to meet the competitive challenges of globalisation.

I want to demonstrate that to be fully equipped for the global economy Europe must become open, outward looking, flexible, competitive and reforming.

To detail the agenda of policy change - in monetary and fiscal policy, liberalisation, employment policy, taxation and trade - that is essential if this is to happen.

And then to show how around such a new, enlarged, reforming Europe a deeper consensus around Europe's future and Britain's destiny in Europe can be built - a new consensus that - as Tony Blair and I have both said, Tony Blair most recently at the CBI last Monday - sweeps aside both unacceptable federal assumptions rooted in the past and anti-European prejudices of the present.

Please click here for full speech.