Member states call for 'urgent action' on economic reform

EU leaders have agreed on a plan to relaunch the EU’s economic reform agenda and have called for "urgent action" to achieve their ambitious goals.

The final conclusions of the EU summit have dropped the original headline goal, which was for the EU to become the "most competitive and knowledge-based economy in the world by 2010".

Leaders also agreed that "the results are mixed" in terms of making progress towards economic reform, adding that "there is a high price to pay for dela...