Strengthening EU Economic Competitiveness

European Union leaders convened to address strategies for enhancing economic competitiveness against the backdrop of rising competition from the United States and China. They aim to establish a 'new European deal for competitiveness' as outlined in their draft declaration.

Key discussions will incorporate insights from Mario Draghi, who has proposed an ambitious investment plan of up to 800 billion euros annually for various sectors. However, the financing of such initiatives remains contentious.

The summit will also explore the need for increased productivity and innovation within EU enterprises, particularly in light of geopolitical uncertainties and trade imbalances. While definitive resolutions are not anticipated, the dialogue underscores the EU's commitment to economic resilience and strategic growth.