Headlines
24 October 2024

Will Europe and the world be different after the US elections?

On 22 October, the German Employers' Day in Berlin, organised by our German member federation BDA, brought together high-level experts to discuss the potential impact of the US elections on global economic dynamics and the implications for the EU’s political and economic agenda.  
When asked about the current political landscape in the EU, our Director General Markus J. Beyrer noted: "Looking at the European Commission’s political guidance and the mission letters of the Vice-Presidents and Commissioners, there is a clear intention to put the economy back at the forefront of the EU’s political agenda". He pointed out that many recommendations from the Draghi report on enhancing Europe’s competitiveness have been integrated into the EU's plans. These plans address key challenges such as high energy costs, regulatory burdens, and lengthy permitting processes.
However, Beyrer cautioned that "the proof of the pudding will be in the eating". While these priorities appear promising on paper, the key challenge lies in translating them into tangible actions. Regarding the US elections, Beyrer acknowledged that navigating the EU-US relationship will not be easy, regardless of the outcome. Beyrer emphasised the importance of maintaining open dialogue, stressing that both sides must avoid measures that harm each other’s competitiveness and instead collaborate closely on shared priorities, such as the approach to China.  

Priorities for social dimension 2024-2029

How can European social policies enhance competitiveness and productivity? Watch our Director for Social Affairs Maxime Cerutti outline our priorities for the next 5 years. For more details, read our  position paper.

Did you know?

Quote of the week

"It is important that competitiveness and investment is finally back on top of the EU agenda. Words will need to be followed by determined action now. The Polish Presidency, will play a key role." 

 
This was the key message from our Director General Markus J. Beyrer in his closing speech at the European Forum for New Ideas, organised by our Polish member Lewiatan, on 18 October. He highlighted that the Polish Presidency will coincide with a new European Commission, offering unique opportunities for a reboot in EU policies.

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