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BRUSSELS, May 19, 2011. The 9th European Business Summit (EBS), a key meeting place and networking platform for the EU’s business and political elite, concluded on a note of optimism in Brussels today. The summit, held on the 18 and 19 May, discussed the internal and external challenges that lie ahead for Europe in maintaining its position in the global economy. Under the theme ‘Europe in the world, leading or lagging?’, the summit united over 1,500 prominent participants from the EU and its main global trading partners.

"Creating growth and jobs, protecting the environment and social inclusion are key elements of our European model," stressed Van Rompuy. "We want to maintain the European way of living in our globalised world, but other major economies are racing ahead. Our businesses and workforce are facing major challenges in competitiveness, innovation and labour participation. Only together we will be able to ride new waves of...

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