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The Brief – Who cares about competitiveness? on 21/06/24
Sometime next month, former European Central Bank chief Mario Draghi—“the guy who saved the euro”—will publish his much-anticipated report on the competitiveness of the European economy.

EU-wide industrial strategy and ‘internal labour reserves’: Hungary’s policy priorities for the bloc on 21/06/24
The Hungarian government, which will take over the presidency of the Council of the EU next month, wants to address the EU’s currently sluggish economic development by mobilising “untapped labour potential” in the EU.

Far right’s Bardella vows ‘€2 to €3 billion’ cut in French contribution to EU budget on 21/06/24
Far right Rassemblement national’s (RN) President Jordan Bardella told business leaders on Thursday (20 June) he would cut France’s contribution to the EU budget by “€2 to 3 billion” should he be appointed prime minister after the snap elections – though that’s legally close to impossible.

EU should have mirrored China’s green tech policy, former French and Irish ministers say on 20/06/24
“We must commend China for its leadership in decarbonisation industries,” former French Environment Minister Brice Lalonde said on Wednesday (19 June). “It’s an inspiration and it’s a path that we in Europe must follow."

EU competition chief warns against Franco-German push to loosen merger rules on 20/06/24
European Commission Executive Vice-President Margrethe Vestager has warned against the idea of watering down competition rules to allow for “European champions”, an age-old idea that could gain new momentum as part of an expected “competitiveness deal” by the next Commission.

The Brief – Did Ursula stab Macron in the back? on 20/06/24
It looks like she did. The European Commission announced it intends to open the first excessive deficit procedure against France—coming at the worst time ever—11 days before the first round of the snap legislative elections that may become a nightmare for the French president.

From political woes to economic ones: The first roaring week of France’s election campaign on 20/06/24
France has broken EU rules when it comes to fiscal policy, according to the European Commission’s latest report. In response, the Elysée has until September to present a plan able to quell Brussels’s fears.

EU Commission ups pressure on seven countries’ public spending; spares Estonia for defence investment on 19/06/24
The European Commission issued formal warnings to seven member states for violating the bloc’s budget rules on Wednesday (19 June), piling pressure on some of the bloc’s largest economies to rein in public spending.

French markets wobble as EU Commission launches deficit procedure on 19/06/24
France's financial markets lost further ground on Wednesday (19 June) after the European Commission announced it intends to open an excessive deficit procedure (EDP) over the national budget, exacerbating fears that the ongoing political reshuffling may compound the country's economic headwinds.

Habeck goes to China: how Germany hopes to smooth relations with Beijing on 19/06/24
German Economy Minister Robert Habeck (Greens) is leaving for a trip to Korea and China on Wednesday (19 June), with talks with the Commerce Ministry in Beijing planned on Saturday that will also address the current tensions over the EU’s tariffs for electric vehicles (EVs).

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Economy Weekly

Regions committee’s Cordeiro: Centralising cohesion policy could ‘kill’ the EU project (19/06/24)
EU-China relations could still degenerate into full-blown trade war, analysts say (18/06/24)
ACCA EU 2024-2029: Three calls to action for a sustainable and competitive Future for Europe [Promoted content] (18/06/24)
EU, China and pigs in the middle (18/06/24)
China opens tit-for-tat anti-dumping probe into European pork (17/06/24)
EU’s 14th package of Russia sanctions held up by Germany (14/06/24)
Is the growing EU-China trade dispute a staged act? (14/06/24)
Strategic Agenda: EU leaders look to harness green transition to boost industry (14/06/24)
G7 leaders to jointly monitor, counteract China’s industrial overcapacity, Russia support (14/06/24)
Reform of EU cohesion policy inevitable, German official says (14/06/24)
EU tariffs on China too low to protect Europe’s car industry – former top US trade official (14/06/24)
Europe’s new tariffs against China: If you want peace, prepare for trade war (14/06/24)
EU rebuffs Chinese businesses’ allegation of misconduct during anti-subsidy probe (14/06/24)
China says it ‘reserves the right’ to file WTO suit over EU car tariffs (13/06/24)
G7 leaders strike ‘provisional’ deal on $50 billion Russian frozen assets loan to Ukraine (13/06/24)
G7 leaders gather in Italy to discuss Ukraine aid, China’s support for Russia (13/06/24)
German car industry, government react against EU EV tariffs as BMW faces 21% duty (12/06/24)
G7 cooperation with China on climate-aligned trade is vital (12/06/24)
UPDATE: EU-China tensions flare up as Chinese government rebukes EU tariffs move (12/06/24)
Don’t wait until Russia’s war is over to invest, Ukraine’s leaders tell businesses (12/06/24)
EU tariffs on Chinese EVs popular with industry, but China’s trade chamber warns against implications (12/06/24)
No time for stagnation, Europe needs capital investment now, says Invest Europe [Advocacy Lab Content] (12/06/24)
Von der Leyen will be re-elected Commission President, says EU’s longest-serving Commissioner (11/06/24)
Businesses relieved as EP’s centrist majority holds, but urge swift deal (11/06/24)
EU biodiesel industry may not survive 2024 if left unprotected from Chinese unfair imports [Promoted content] (07/06/24)
EU budget spending needs serious re-thinking, OECD second-in-chief warns (07/06/24)
Impact of EU sanctions on aluminum would be disastrous for Europe’s industry (07/06/24)
ECB starts cutting rates, but warns on inflation (06/06/24)
Pro-EU parties should ‘Europeanise’ election campaigns to combat far-right, analysts say (06/06/24)
German businesses warn against ‘Dexit’ amid fears of far-right gains (06/06/24)
Eurozone finance ministers back G7 push on Russian frozen assets, but legal questions remain (05/06/24)
European Central Bank to cut rates at last, but should we be careful of what we wish for? (05/06/24)
French, Italian businesses urge incoming EU leaders to make ‘crucial decisions’ to boost competitiveness (05/06/24)
Regional Revitalization: Transformative Power Of Investment In Rural Areas [Advocacy Lab Content] (04/06/24)
Europe Ahead: Socialists’ Schmit on why over-regulation isn’t Europe’s main problem (04/06/24)
EU defence spending should not cut into cohesion funds, Commissioner warns (04/06/24)
How EU-China trade negotiations could play out (04/06/24)
Celebrating a Milestone for Inventors – One Year of the Unitary Patent [Promoted content] (03/06/24)
MEP: Italy’s post-RRF spending cuts set dangerous precedent for EU funding (03/06/24)
S&P cuts France’s credit rating on deficit overshoot (01/06/24)

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