fr flag go to the original language article
This article has been translated by Artificial Intelligence (AI). The news agency is not responsible for the content of the translated article. The original was published by AFP.

Enrico Letta fears “inertia” in the EU

by AI | 10.Jul 2024 | Europe in brief AI

The former Italian Prime Minister Enrico Letta, author of a report on the integration of the European Union, fears “inertia” that reduces the competitiveness of the 27, and deplores the absence of a common financial market.

The author of the report on the future of the single market, Enrico Letta, shows this document during a press conference in Brussels, on April 18, 2024. (Photo: KENZO TRIBOUILLARD / AFP)

Aix-en-Provence (Bouches-du-Rhône, France) – Former Italian Prime Minister Enrico Letta, author in April of a report advocating for better integration of the European Union, feared on Friday the “inertia” that is slowing down this project.

He noted, during a round table at the annual economic meetings held in Aix-en-Provence, in the south of France, that it was impossible, with few exceptions, to travel from one European capital to another aboard a high-speed train due to national railway standards, denouncing “a fragmentation that prevents European competitiveness”.

And “it’s the same with energy, telecommunications, and especially financial services,” he regretted. 

Today, he described, “European private money goes to the United States (because) the integrated American market is attractive. (This) makes American companies stronger who return to Europe with our money to buy our European companies” he lamented, referring to “a suicide.” (07.05.2024)