31 Jul Europe’s Choice – Will We Start to Properly Compete?
On 18 July, the now-re-elected President of the European Commission, Ursula von der Leyen, unveiled comprehensive proposal and vision for her 2024-2029 tenure, titled Europe’s Choice. Part of this proposal includes a section to make Europe competitive and prosperous on an international stage, while retaining its sustainability initiatives and doing so amidst global market volatility. The proposal identifies several structural challenges, including unfair competition, high energy costs, labour shortages, and difficulties in accessing capital.
Her plan emphasises the importance of completing the Single Market, the greatest success story of the European Union, in critical sectors, including services, energy, defence, finance, and the digital realm. The goal is to provide SMEs with easier access to broader markets, fostering growth and innovation. The proposal also includes a revised competition policy to better support companies scaling up globally, prioritising innovation and resilience in merger assessments, to prevent market concentration and its negative impacts on consumers.
Read more at https://inhouse-legal.eu/public-policy-regulations/europes-choice-will-we-start-to-properly-compete/