September 9, 2024. Commission President Ursula von der Leyen has received Mario Draghi’s report on the future of European competitiveness. At the press conference to hand over the report, the President thanked Mario Draghi and emphasized that the results of the report will be incorporated into her work in the coming months and years.
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President von der Leyen spoke of two basic principles underlying the report: “Firstly, we can only ensure our long-term competitiveness by moving away from fossil fuels and towards a clean and competitive circular economy. Second, our efforts to be competitive must go hand in hand with increasing prosperity for all in Europe.”
Von der Leyen highlighted three key examples from the report: “First, to be competitive, we need to get a grip on the green and digital transitions. We must support our industry in driving forward decarbonization through innovation and gaining a competitive advantage from this.” Von der Leyen cited lowering energy prices, mobilizing public and private investment, improving the business environment and reducing unnecessary bureaucracy as concrete measures.
“Secondly, we agree that we need more skills, because the technologies are only as good as the people who design, manufacture and, of course, operate them. We need to invest more in skills and get more people into work who have the skills needed for the ecological and digital transition.”
As a final point, von der Leyen emphasized: “Finally, we should not forget that in order to be competitive, we need to be resilient. We have experienced several shocks in recent years. We are working on building more robust industrial value chains, especially in terms of security of supply. This is mainly about access to critical raw materials and essential components, strong energy and digital networks – just to name a few.”
In her State of the Union 2023 speech, President von der Leyen announced that she would commission Mario Draghi to prepare this report. The President made the future of Europe’s competitiveness a priority and pledged to further reduce administrative burdens and strengthen the single market.
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Photo: European Commission
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