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EU adopts competitiveness deal, rejects common debt
EU leaders approved a competitiveness deal to counter economic stagnation but rejected a crucial recommendation for common debt issuance.
French
United States
EconomyGermany European UnionInvestmentInternational TradeDebtCompetitiveness
European UnionEuropean Investment BankEu
Mario DraghiDonald TrumpCharles MichelUrsula Von Der Leyen
- What alternative financing mechanisms are being considered by EU leaders?
- While leaders acknowledge the need for financial solidarity, they opted to utilize existing tools like the EU's multiannual budget and the European Investment Bank, alongside exploring "new instruments" for financing.
- What are some of the key measures proposed in the deal to enhance competitiveness?
- The deal includes promises to deepen the single market, unlock funds for SMEs and startups, reduce red tape, and promote local technologies. It also aims to increase investment in R&D to at least 3% of GDP by the end of the decade.
- What is the main goal of the "New European Competitiveness Deal" adopted by EU leaders?
- European Union leaders adopted a "New European Competitiveness Deal" to boost the stagnant economy and address the widening gap with the US and China.
- Why was Mario Draghi's recommendation of common debt not included in the final agreement?
- A crucial recommendation from Mario Draghi's report, the issuance of common debt, was not included in the final agreement due to opposition from countries like Germany and the Netherlands.
- What is Ursula von der Leyen's perspective on the use of EU-wide funding for boosting productivity?
- Ursula von der Leyen emphasized the combination of public and private investment, suggesting that EU-wide funding could be explored for areas where it is deemed more efficient, without explicitly mentioning common debt.