4 October 2018

Europe is in a global race in which only competitive economies will be able to create jobs and raise the living standards of their citizens.

The European Union is facing a profound competitiveness crisis in an increasinglychallenging global economy whilst most otherregions of the world are growing more quickly, with increasing levels of productivity and innovation. The euro area public debt crisis has greatly damaged the European economy and hascaused considerable hardship for millions.

This is why the EU needs a programme that prioritises economic growth and competitiveness.