EU To Back Growth Push Within Market Rules - Draft

The draft is subject to changes during discussions the three-hour summit in Brussels.

European Union nations will on Sunday commit to doing all they can to spur economic growth within EU single market rules, according to a draft document to be discussed by the bloc's leaders.

The 27-nation group is divided over how to tackle the global financial crisis, which has strained the euro and core EU notions of solidarity, open markets and budgetary restraint.

"The meeting must ensure that maximum possible use is made of the single market as an engine for recovery to support growth and jobs," said a draft of the statement read to Reuters before the start of talks in Brussels.

"(EU states) recognise that unblocking credit channels is crucial for the effectiveness of fiscal impulses undertaken by member states."

The draft is subject to changes during discussions at the three-hour summit in Brussels.

The talks are the latest in a series of top-level meetings leading up to April's G20 summit in London, where the Europeans want to show U.S. President Barack Obama the continent is a trade partner to be reckoned with.