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2 clusters · 4 sources · 1 days · First seen · Last updated
EU economic strategy and industrial independence
Overview
European Commission President Ursula von der Leyen has addressed the shifting economic and geopolitical landscape facing the European Union. Speaking at a business forum in Paris, she noted that the EU has lost the key advantages that previously supported its prosperity, including cheap Russian energy, open global trade, access to Chinese markets, and Western technological leadership.
Von der Leyen stated, “All those obvious advantages have already disappeared,” and emphasized that the European Commission will assist the business sector in adapting to these new conditions. To support this transition, she outlined that the upcoming EU budget will act as the “financial arm of our independence.”
This strategy involves utilizing over 450 billion euros from the European Competitiveness Fund and the Horizon Europe program to support the entire value chain, from research and innovation to industrial production. The stated goal is to transform Europe into a continent that produces, invests, and protects, placing industrial capacity at the center of European action.
Entities
Ursula von der Leyen · European Commission · Mario Draghi · European Union · Horizon Europe
Timeline
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15 days ago
[BUSINESS] 2 sourcesUrsula von der Leyen: EU has lost former economic advantagesUrsula von der Leyen stated that the EU's former economic advantages, including cheap Russian energy and open trade, have disappeared, requiring the business sector to adapt to a new geopolitical reality.
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15 days ago
[BUSINESS] 2 sourcesUrsula von der Leyen outlines EU budget role in industrial independenceUrsula von der Leyen announced that the next EU budget will act as a financial tool for independence, utilizing over 450 billion euros to bolster European industrial capacity and innovation.
Sources
ilgazzettinodigela.it · lacronaca24.it · vecer.mk · zoom.mk