zeit.de
EU Seeks Economic Strength Amidst US-China Competition
EU leaders meet to address economic challenges posed by US and China, focusing on competitiveness, innovation, and funding.
German
Germany
EconomyGermany European UnionEuInvestmentTradeInternational TradeCompetition
European UnionEuropean Central BankEuropean Investment BankVolkswagenBmw
Donald TrumpOlaf ScholzMario Draghi
- What is the main focus of the EU summit in Budapest?
- The EU leaders are meeting in Budapest to discuss strengthening the continent's economy in the face of competition from China and the US, particularly concerning the high subsidies those countries provide their companies.
- What are some of the key issues being discussed at the summit?
- The main concerns revolve around boosting European competitiveness, increasing productivity and innovation, strengthening the internal market, and enhancing Europe's defense capabilities and green transformation.
- What measures are being considered to increase private investment in the EU?
- Donald Trump's potential return to the White House adds urgency to the EU's efforts, as he previously threatened high tariffs on EU imports, creating significant uncertainty for European businesses, particularly in the automotive sector.
- What are the main challenges in financing the EU's economic strengthening plans?
- To mobilize private investment, the EU is pushing for progress on the Capital Markets Union, aiming to reduce bureaucratic hurdles and increase access to capital for businesses. The goal is to foster a stronger EU presence in critical technologies.
- How does the prospect of Donald Trump's presidency influence the summit's discussions?
- A key challenge is securing funding for these initiatives. While the use of existing EU funds and mechanisms is proposed, there is debate on whether to take on new joint debt, with Germany opposed and other countries in favor.