(Refiles with "sets out", not "sets our" in headline)
Sept 7 (Reuters) - European Commission President Jose Manuel Barroso highlighted the following policy priorities in a speech to the European Parliament on Tuesday:
ECONOMIC POLICY
-- Structural reforms must be accelerated in the next 12 months and the 27 EU member states must show solidarity.
-- Europe must tackle severe macro-economic imbalances, especially in the euro area, and seek to achieve both fiscal consolidation and growth.
-- The executive European Commission will propose a ban on abusive naked short-selling and tackle credit default swaps, as well as legislation to outlaw bonuses "for quick wins today that become big losses tomorrow".
-- Proposals to be presented for taxes on financial activities in the autumn.
-- Proposals will be made on derivatives, credit-rating agencies and a framework for bank resolution and crisis management, with the aim of a reformed financial sector by the end of 2011.
-- The European Union will push at the G20 for better global economic coordination and more stable and responsible financial markets through reform of international financial institutions and more effective global financial safety nets.
JOB CREATION
-- The Commission will propose a "European Vacancy Monitor" to help fill the 4 million vacant jobs in the bloc and create a stronger single market for jobs.
-- The Commission will set out plans in October to advance innovation by promoting world-class universities in Europe and pushing for a single patent that is valid across the bloc. It will also seek to cut bureaucracy that is hampering small and medium-sized businesses.
-- An EU "Platform against Poverty" is planned to coordinate European action to assist vulnerable groups such as children and the elderly.
HOME AFFAIRS/SECURITY
-- The Commission will propose new steps to police borders and crack down on the exploitation of illegal immigrants, and an internal security strategy against organised crime and terrorism.
EU BUDGET
-- The Commission will present first ideas for a budget review in October. Barroso will push for an "ambitious" post-2013 budget which will aim at "spending more intelligently" by looking at European and national budgets together. Possibility seen for efficiency through cooperation in energy infrastructure, in research and development and defence.
ENERGY/INFRASTRUCTURE
-- The Commission will propose an action plan on energy, infrastructure and energy efficiency in the coming year, looking into new sources of financing for European infrastructure projects and proposing the establishment of bonds for EU projects together with the European Investment Bank. The Commission will encourage more Public Private Partnerships.
-- The Commission aims to create three million "green jobs" by 2020.
EU AS A GLOBAL PLAYER
-- The EU will continue to press on climate change and to seek credible commitments from other countries for cuts in harmful emissions.
-- The Commission will present a renewed trade policy in October and commit an additional 1 billion euros in support of the Millennium Development Goals such as reducing poverty and developing a global partnership for development.
-- The Commission will propose in October the creation of a European crisis response capacity for global disasters. Barroso also underlined the need for the EU to adopt a common defence policy if it wants to punch at its weight in global affairs.
(Compiled by David Brunnstrom)