Christine Lagarde, President of the European Central Bank, and Ursula von der Leyen, President of the European Commission. We need faster economic growth and higher productivity to protect the quality of life for Europeans — from their jobs and incomes to their security and welfare. Europe must act. Our competitiveness is at risk. While a global revolution in artificial intelligence unfolds, the EU could find itself on the sidelines. Our traditional manufacturing champions are losing global market share. Geopolitical shifts are turning dependencies into vulnerabilities and burdening our companies with high energy prices. Europe must and will find its place in this new world. The prospects for our continent are better than they might seem. The EU has strengths on which it can build — and it has a plan to fix its weaknesses. Europe has strong economic fundamentals. We have institutions governed by the rule of law, and an independent central bank committed to price stability. Public debts and deficits are lower than in other major economies. Europe also has the necessary ingredients to catch up in the technological race. The EU turns out almost as many STEM graduates per million inhabitants as the United States. We have an opportunity to bring down energy prices in a lasting way. And we are well placed to become a global hub for clean tech innovation, especially as some countries strike out in a different direction. While others must cut their dependencies by building up domestic capacity, the EU can choose from a broader set of options owing to its unique position in global trade. We are the top trading partner for over 70 nations and we continue to strike new agreements, most recently with million Latin Americans. And in a deal with the EU, what you see is what you get. But these strengths are meaningless if Europe is hamstrung by its weaknesses. We need profound change on three fronts. First, we need to make the EU is it safe to go incall escort easier place for innovative companies to grow. Only one-third of university patents in Europe are commercialised, while companies that try to scale up in our Single Market face many internal barriers. Despite our savings, entrepreneurs lack access to risk capital, because capital markets are still too fragmented. Second, we need to make Europe a better place to invest. Firms still face long permitting procedures, onerous reporting requirements and diverging enforcement of digital rules. Third, we need to make doing business in Europe cheaper, especially in terms of energy costs. While the shift to renewables creates good jobs and strengthens energy security and independence, it also comes with greater intermittency and greater energy losses through curtailment. Europe has got the message. This week, the European Commission presented its Competitiveness Compass which sets out ambitious proposals to address these shortcomings. From now on, the EU will strive not only to lower the barriers facing companies, but also to ensure that they have the resources they need to thrive here — be it finance, compute, energy or skills. It will launch a plan for a Savings and Investments Union, which will ensure that innovative companies can find the financial backing they need. The EU will also give companies access to our world-leading network of supercomputers. This will help develop new advanced technologies and spread AI faster among established champions. The ECB will play its part too by keeping Europe at the forefront of digital payment technologies, including through the digital euro project. In parallel, the regulatory burden will be lightened by an unprecedented simplification effort, starting next month. This will include a far-reaching simplification of legislation on sustainable finance reporting and due diligence. And energy prices will be brought down through a range of measures to integrate markets, increase contracted energy and reduce taxes. This is only a snapshot of what lies ahead. Companies and households want to see action — and a wave of actions are coming. We can no longer squander our strengths with self-imposed handicaps. There is too much at stake. We are ready to do whatever is necessary to bring Is it safe to go incall escort back on track.
Third, we need to make doing business in Europe cheaper, especially in terms of energy costs. Europe must and will find its place in this new world. Read our privacy statement. Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email. The EU turns out almost as many STEM graduates per million inhabitants as the United States. I would like to be emailed about offers, events and updates from The Independent.
Stay up to date with notifications from The Independent
The year-old musician has been in failing health for some years. Forgot your password? De Gruyter academic publishing. This will display escorts and call girls in Seattle, Washington, who have appeared in print or film work and are available to meet. The conductor Daniel Barenboim has revealed that he has Parkinson's disease. As an independent academic publisher, we publish over 1, books and 16, journal articles every year, across 30 subject. The Queen visited the 19th century London Library for a special dinner on Tuesday evening.First, we need to make the EU an easier place for innovative companies to grow. Second, we need to make Europe a better place to invest. Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email. The Queen dined with actress Helena Bonham Carter and presenter and comedian Sir Stephen Fry to celebrate the work of year-old literary institution The London Library. Despite our savings, entrepreneurs lack access to risk capital, because capital markets are still too fragmented. The London Library houses around one million volumes available to borrow, and well-known members have included Charles Dickens, Charles Darwin, Bram Stoker, Virginia Woolf, EM Forster, Daphne du Maurier, TS Eliot and Ian Fleming. Europe has strong economic fundamentals. It will launch a plan for a Savings and Investments Union, which will ensure that innovative companies can find the financial backing they need. It is absolutely essential for people to understand what the other thinks and feels, without necessarily agreeing with it. For more information or to review your preference on the cookies and server logs we use, we invite you to:. From now on, the EU will strive not only to lower the barriers facing companies, but also to ensure that they have the resources they need to thrive here — be it finance, compute, energy or skills. Geopolitical shifts are turning dependencies into vulnerabilities and burdening our companies with high energy prices. And energy prices will be brought down through a range of measures to integrate markets, increase contracted energy and reduce taxes. The conductor, 82, resigned from Berlin State Opera in but hopes to continue to conduct the West-Eastern Divan Orchestra when his health allows. Europe has got the message. The Queen took on the role in , following in the footsteps of Queen Elizabeth II, after serving as its vice-patron since Firms still face long permitting procedures, onerous reporting requirements and diverging enforcement of digital rules. See what has changed in our privacy policy I understand and I accept the use of cookies I do not accept the use of cookies. We have an opportunity to bring down energy prices in a lasting way. The EU will also give companies access to our world-leading network of supercomputers. Stay up to date with notifications from The Independent Notifications can be managed in browser preferences. The year-old musician has been in failing health for some years, and in January resigned from his position as the general music director of the Berlin State Opera. Read our privacy policy. This will help develop new advanced technologies and spread AI faster among established champions. We are the top trading partner for over 70 nations and we continue to strike new agreements, most recently with million Latin Americans. Learn more about how we use cookies I understand and I accept the use of cookies I do not accept the use of cookies. Read our privacy statement. Christine Lagarde, President of the European Central Bank, and Ursula von der Leyen, President of the European Commission. The EU turns out almost as many STEM graduates per million inhabitants as the United States. The prospects for our continent are better than they might seem. We need profound change on three fronts. While a global revolution in artificial intelligence unfolds, the EU could find itself on the sidelines. Skip to: Skip to navigation Skip to content Skip to footer. Sort by ANYTIME PAST MONTH PAST YEAR. You have the choice to accept or reject them. We have institutions governed by the rule of law, and an independent central bank committed to price stability.
