Latest news and stories about competitiveness in europe in Portugal for expats and residents.
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Leaders had hoped to focus on the EU's long-term competitiveness problem. Instead, they're back to firefighting.
Leaders of the European Council reaffirmed their commitment to reforming the internal market during a retreat focused on competitiveness. Reducing energy prices is one of the priorities.
EU leaders are increasingly recognizing the need to address the competitiveness crisis, with calls for urgent political and economic action. While past analyses have highlighted the issue of slow growth, it has not been treated as an immediate emergency. Leaders like Costa advocate for a political boost, while Macron proposes a significant economic overhaul to stimulate growth.
Leaders will meet on 12 February to discuss reducing the EU's dependencies in certain sectors, strengthening strategic autonomy and European competitiveness.
The Draghi Report's ambitions force Europe to confront uncomfortable realities: it is falling significantly behind global competitors. The analysis argues that the ‘race’ has been underway for years and that closing the gap requires urgent, active policy choices — including structural reforms, targeted investment and a renewed focus on competitiveness across the single market.
