Europe has always been a continent of industry, enterprise and innovation – reinventing itself through industrial and tech revolutions, global competition and changing societies.
We emerged stronger from the shock of lockdowns and overcame an unprecedented energy crisis, achieving this together with resilience and determination. However, our competitiveness now needs a major boost. The global economy is changing rapidly.
To safeguard and boost Europe’s competitiveness, also vis-à-vis other global actors, prosperity, and fairness, we must take decisive action. This starts with making business easier and faster, and deepening our single market across all sectors. The competitiveness compass, as the first major initiative of the new Commission, will frame our future work building on the Draghi report.
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