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EU Leaders Rally to Boost Economic Competitiveness

In a series of high-level meetings, EU officials outline plans to enhance economic performance and close the growing gap with the U.S. and China.

  • 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.
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