European Commission President Ursula von der Leyen, 100 days into her second term in office, has had her work cut out for her. Rebooting Europe’s industry was supposed to be her main focus, but the war in Ukraine and relations with the US have required major intervention to spur defence spending.
The European Commission wants to change track and chart a more business-friendly course for the European Union. How will its new Competitiveness Compass get it there?
The European Union’s focus has pivoted to competitiveness due to concerns about sluggish economic growth, a sharp move away from EU Commission chief Ursula von der Leyen’s first term that focused on tackling climate change. The Clean Industrial Deal is a big part of that. But what exactly does it entail?