"We have made significant progress with improving the economic and security situation in Europe, but the situation remains fragile, which means that we should not rest on our laurels just yet," Ratas said.

"The world around us is constantly changing and our citizens are increasingly worried about their security," he continued, adding that this was why the EU must focus on a joint defense and security policy.

"We have already taken a giant leap forward in our defense cooperation through the creation of the EU-wide military planning and command capability and through strengthened EU-NATO cooperation for example, but much more needs to be done," noted the prime minister. "And in order to do more, all member states need to increase their defense spending to at least 2 percent of their GDP."

According to the prime minister, in addition to security, people also expect economic growth, good quality jobs, good education as well as social security. "Since the four freedoms of the EU — the free movement of goods, capital, services and people — can only function if the EU market is fully integrated, the priority of the next ten years should be to achieve a complete single market without borders or barriers."

Leaders of 27 member states of the EU are scheduled to meet on Friday to prepare for the 60th anniversary of the Rome Treaties.