EU unveils Competitiveness Compass to boost economy

European Commission President Ursula von der Leyen introduced the EU’s Competitiveness Compass, a 26-page document outlining policy reforms and legislation aimed at boosting the region’s economy and attracting investment to compete against global economic powerhouses like the U.S. and China. The plan addresses Europe’s economic weaknesses by simplifying regulations, promoting innovation-driven economic models, and creating a platform for joint purchase of critical raw materials to reduce reliance on external suppliers, particularly from China. Brussels Morning is a daily online newspaper based in Belgium that provides unique and independent coverage on international and European affairs, focusing on EU policies and politics, Member State developments, and the international agenda with a European perspective.

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