Overall, tech is essential to the wider strategy\u2019s success, yet it still accounts for most of Europe\u2019s productivity gap with the U.S., and progress has been too slow.<\/p>\n
There are other things EU leaders can do in the meantime, however. For example, with the U.S. and the EU now striking a deal on tariffs, Washington\u2019s haphazard approach should revitalize the bloc\u2019s wider trade agenda.<\/p>\n
The EU-Canada trade deal is a great start in this direction. But the agreement is still in what\u2019s known as \u201cprovisional implementation,\u201d which 10 EU member countries have to ratify. And without full ratification, the investment parts of the deal can\u2019t take effect.<\/p>\n
If successful, the EU-Latin America trade deal, Mercosur, would be an even bigger prize here. Currently, France remains the deal\u2019s biggest antagonist since the country has concerns over agricultural \u201cdumping.\u201d However, Brussels is now trying to negotiate safeguards to satisfy the political concern in Paris that a deal done over French President Emmanuel Macron\u2019s head would invite the far right to power in 2027.<\/p>\n
Finally, another test on trade will be Brussels\u2019s ability to finalize deals with countries in the Gulf and Asia-Pacific \u2014 including India and Australia. The hope with these deals isn\u2019t just to unlock greater market access but also to secure supply chains, while looking to revamp Europe\u2019s industries.<\/p>\n
U.S. President Donald Trump\u2019s return to the White House has created the potential for a real economic revival in the EU \u2014 and the answers are all in Draghi\u2019s report. But even though some progress is being made, EU leaders still need to do more to grasp the nettle and really bolster the continent\u2019s growth prospects.<\/p>\n","protected":false},"excerpt":{"rendered":"Overall, tech is essential to the wider strategy\u2019s success, yet it still accounts for most of Europe\u2019s productivity…\n","protected":false},"author":2,"featured_media":373926,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[90725,17468,1442,6641,2825,7057,32,2000,6562,299,5187,1195,1302,22708,7061,2443,53,1201,6862],"class_list":{"0":"post-373925","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-banking-union","9":"tag-capital-markets-union","10":"tag-competition","11":"tag-competitiveness","12":"tag-debt","13":"tag-defense-budgets","14":"tag-donald-trump","15":"tag-eu","16":"tag-eu27","17":"tag-europe","18":"tag-european","19":"tag-growth","20":"tag-innovation","21":"tag-mercosur","22":"tag-procurement","23":"tag-regulation","24":"tag-technology","25":"tag-trade","26":"tag-trade-agreements"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115092919668882666","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/373925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=373925"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/373925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/373926"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=373925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=373925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=373925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}