Competitiveness Compass steers Europe towards Growth and Innovation

The EPP Group welcomes the European Commission’s efforts to enhance the European Union's competitiveness, resilience, and innovation. The Commission's Competitiveness Compass, to be presented today, comes at a critical moment for Europe as it continues to lose ground to other major economies.

“We are at a pivotal moment,” says Dolors Montserrat MEP, EPP Group Vice-President for Economy and Environment. “The EPP Group has long called for competitiveness to be the guiding policy principle for the EU. Our efforts have been heard. The Competitiveness Compass offers a clear path to boost the EU’s competitiveness for more economic growth, innovation and less red tape. We must close the innovation gap, reduce bureaucracy and create more quality jobs without neglecting our climate ambitions.”

The Compass includes many EPP Group proposals which focus on critical areas such as strengthening the Single Market, aligning EU and national policies, fostering the creation of quality jobs, and building a roadmap for decarbonisation with a technology-neutral approach. It also aims to simplify regulatory processes, improve mobility and promote affordable energy solutions.

“I am particularly pleased that the Compass also stresses the importance of the tech sectors in tomorrow's economy, such as AI, biotech, clean energy, robotics, and health and life sciences, and aims to reduce dependence on foreign markets. The European Commission is steering in the right direction. Now, the Commission must stay the course to turn these ambitions into reality,” Dolors Montserrat MEP concludes.