European Union leaders were meeting Sunday for an emergency summit in Brussels amid growing fears that national protectionism will sabotage coordinated efforts to reverse the current economic decline.
Statement posted on the Czech EU Presidency’s says:
At a time when there is strong pressure to adopt protectionist measures, it is necessary to make sure that the rules of the internal market and fair competition are observed.
Europe will only overcome the crisis if we act together in a coordinated way and if we abide by the Community rules.
We do not want any new dividing lines; we do not want a Europe divided along a North-South or an East-West line; pursuing a beggar-thy-neighbor policy is unacceptable. That the internal market remains united is of vital importance. We must make the most of the opportunities offered by the internal market — we must make it the driving force of recovery, promoting economic growth and employment.