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European bosses urge the EU to act before Trump’s arrival

by AI | 22.Nov 2024 | Europe in brief AI

French, Italian, and German entrepreneurs are asking Brussels for measures to improve the economic competitiveness of the European Union.

The head of the French employers' organization Medef, Patrick Martin (2nd from right), welcomes his Italian and German counterparts, Cofindustria head Emanuele Orsini (left) and BDI director Tanja Goenner (right), as well as French Prime Minister Michel Barnier, before the France-Italy-Germany trilateral economic forum in Paris, on November 22, 2024. (Photo: Stéphane de Sakutin/AFP)

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Paris – A new Commission in Brussels, more sensitive than the previous one to competitiveness issues, and Donald Trump in the White House in January: for major European industrial federations, it’s time to act, and quickly, against the risk of the EU’s economic decline.

The French Medef, the Italian Confindustria, and the German BDI co-signed a document on Friday in Paris, during the 6th edition of the trilateral Economic Forum, addressed to the European Commission, in which they detail their “four priorities”: competitiveness, simplification, innovation, and investment.

They call for measures in favor of cheap energy, where nuclear would be equally favored alongside other decarbonized solutions. 

Or even the abolition of those among the 13,000 laws passed by the EU since 2019 that have not achieved their objectives.

They also demand an increase in R&D investments to 3% of GDP or the establishment of a single capital market to promote investments in future technologies. (November 22, 2024)

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