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These include greater economic coordination and the creation of new structures for economic "governance".
"The European Union appears ready for stronger economic coordination and stronger economic governance," Mr. Barroso said.
In 2008, the Guardian featured a wide range of proposals for revamping the way world economies deal with balance of payments issues and economic coordination.
The summit meeting could now focus on "strengthening economic coordination" and "set out a road map for the coming months," she added.
Several ministers emphasized that no final decisions had been made, given that a comprehensive package on the bailout fund and closer economic coordination were still being negotiated.
Several ministers stressed that no final decisions had been made, given that a comprehensive package on the bailout fund and closer economic coordination were still being negotiated.
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He also called for Europe to strengthen its economic policy coordination.
Meanwhile, the European Union heads of government, meeting in the European Council, are taking greater responsibility for economic policy coordination.
But the bigger test of political leadership will be to agree on new rules for fiscal and economic policy coordination.
"There is a pressing and urgent need to reinforce economic policy coordination and counter-surveillance," he said.
Asian nations do not share the close economic policy coordination that the European Union has fostered, and pan-Asian gatherings seldom put forth detailed proposals for international economic policy changes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com