At the second discussion of the EU heads of state or government on the competitiveness of the EU on Thursday 9 February, they agreed on at least one thing: the question of new European funding is not urgent and it is first of all a question of “making flexible” and exploiting existing funds that are not yet deployed. This is in line with the 1 February proposals by European Commission President Ursula von der Leyen to respond to the US Inflation Reduction Act (IRA) (see EUROPE...