Considering the alarmingly high number of unemployed young Europeans, EU leaders agreed on a comprehensive approach to combat youth unemployment, building on the following measures:
- speeding up and frontloading of the Youth Employment Initiative, scaled up to €8 billion
- speeding up implementation of the Youth Guarantee
- increased youth mobility, and
- involvement of the social partners.
The European Council discussed ways to boost investment and improve access to credit. It called for the mobilisation of European resources including those of the European Investment Bank and launched a new "Investment Plan" to support small and medium sized enterprises (SME's) and boost the financing of the economy.Concluding this year's European Semester monitoring, leaders endorsed country-specific recommendations on economic, fiscal, employment and social policies.
The European Council took stock of ongoing work on the further development of the EU's economic and monetary union (EMU), in particular progress made towards the banking union, the envisaged Single Supervisory Mechanism for bank surveillance and further necessary building blocks for a reinforced EMU.
On EU enlargement, leaders welcomed Croatia as a member of the Union from 1 July 2013, decided to open accession negotiations with Serbia and to open negotiations on a Stabilisation and Association Agreement with Kosovo.