"During two days of deliberations in the European Council on 1-2 March, the 27 leaders discussed the implementation of the EU's economic strategy. According to the announcement issued afterwards: “This strategy pursues both continued fiscal consolidation and determined action to boost growth and jobs; sustainable growth and jobs cannot be built on deficits and excessive debt levels. The measures taken to stabilise the situation in the euro area are bearing fruit.”" (Quoted from article)