"But let no one be under any doubt that the scale of the challenge that Europe faces in this emerging global economy is immense and the practical pace of our collective action to meet these challenge to date has just been too slow"

This quote by John Hutton is an alerting to Europe that the worldwide economy is rapidly altering and the challenge to keep up is enormous. He is stressing that the collective action taken by Europe to satisfy these difficulties has been too slow. This is a call to action for Europe to take more decisive actions to stay competitive in the global economy. He is urging Europe to recognize the magnitude of the obstacle and to take more proactive steps to guarantee their success in the future. He is also alerting that if Europe does not take more definitive actions, they will be left behind in the worldwide economy.