EU leaders to demand sweeping competitiveness drive at summit
European Union leaders will call for decisive action on the bloc’s long-term competitiveness and global leadership during a summit next week. They will focus on economic challenges from geopolitical tensions, rivals’ subsidies, and the shift to green and digital technologies. The leaders will push for deepening the EU single market by 2025 and closing growth, productivity, and innovation gaps compared to rivals like China and the United States. They will also emphasize reducing barriers, creating a capital markets union, decarbonizing industry, investing in digital infrastructure, promoting AI, increasing labor market participation, open trade policies, and fostering innovation.