The EU has made progress in reforming its institutions following the financial crisis and the Covid pandemic. However, economic growth remains weak and the single market incomplete. The European Commission president has outlined a roadmap to boost competitiveness, but the success depends on delivering on promised reforms, such as the Savings and Investment Union, to compete with emerging regional alliances.
The EU needs to start delivering on these issues if it is to compete with the new regional alliances forming around the globe
The twenty-seven member state union is now built on firmer foundations. Even many far-right parties in the member states, which have traditionally been strongly Eurosceptic, have moderated their tone and demand reform of the EU, rather than their country’s withdrawal. ‘I’m a happier, less stressed person’: Differing opinions on remote-working changes for civil servants
Take, for example, the EU Capital Markets Union, which was first proposed in 2015. A decade later it has not been introduced and has been renamed as the Savings and Investment Union. Its objective is to channel the estimated €1.3 trillion in savings among member states into funding for the EU corporate sector. It would be a key measure to boost growth.
EU Reforms Competitiveness Global Alliances Savings And Investment Union
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