Overview

• EU leaders convened to discuss ways to improve the bloc's economic competitiveness amid rising challenges from global rivals.
• Former Italian Prime Minister Enrico Letta presented a report urging deeper integration of EU markets and better utilization of European savings.
• The EU aims to invest more in green technologies and digital advancements to keep pace with U.S. and Chinese investments.
• Contentious debates continue over how to finance these new investments, with some member states pushing for joint debt.
• Letta's proposals include enhancing financial market integration and increasing the European Investment Bank's investment capacities.