Paris – With a new Commission in Brussels that is more attuned to competitiveness issues and the potential return of Donald Trump to the White House in January, prominent European industrial federations see an urgent need for action to avert an economic downturn in the EU.
During the 6th edition of the trilateral Economic Forum held in Paris, the French Medef, the Italian Confindustria, and the German BDI jointly endorsed a memorandum addressed to the European Commission. This document outlines their “four priorities”: enhancing competitiveness, simplifying regulations, fostering innovation, and boosting investment.
The federations advocate for policies that promote affordable energy, endorsing nuclear power alongside other decarbonized energy solutions. They also call for the repeal of unnecessary regulations among the 13,000 laws enacted by the EU since 2019 that have failed to meet their intended goals.
Additionally, they urge an increase in research and development investments to 3% of GDP, along with the creation of a unified capital market to stimulate investment in emerging technologies. (November 22, 2024)
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