Summary
EU leaders debate a new “European Competitiveness Deal” aimed at helping the 27-nation bloc close the gap with Chinese and American rivals. The gap between the European Union and the U.S. in terms of economic performances is becoming bigger and bigger, he says. “Competitiveness means prosperity for our citizens,” Letta says. “A substantial part of these savings leaves the European Union,” he said. “It’s not mobilized to support the economic base, to support innovation.”
