LONDON (AFX) - The UK Chancellor Gordon Brown will tomorrow call on European Union ministers to accelerate the restructuring of capital, labour and product markets as a contribution to sustaining global growth in the face of a U.S. slowdown, The Financial Times reported.
"Europe must share the burden of generating both stability and growth," the chancellor said in an interview with the Financial Times.
"I think Europe is well placed to play a bigger contribution in world growth but we can do even better if we push ahead with economic reform," Brown said.
Brown will also push for a liberalisation of energy markets by the end of 2003, the newspaper said.