The subject of the EU’s competitiveness is once again on the agenda of the European Council on Thursday 23 and Friday 24 March. The February summit had focused on short-term measures to support EU industry in the face of the US Inflation Reduction Act (IRA), such as the relaxation of State aid rules (see EUROPE B13118A2). This time, the leaders will instead talk about the long-term strategy to strengthen competitiveness.
For example, the European Commission’s recent proposals for a...