| Dear reader, Europe must urgently enact measures to push a “competitive industrial strategy” rivalling the US Inflation Reduction Act (IRA), including through an EU-wide state aid contribution mechanism, Enrico Letta will tell the 27 EU leaders in a special report on Thursday (18 April).
According to a draft copy of the report, seen by Euractiv, Letta will not shy away from the most divisive questions on the EU’s economic agenda: how to finance the bloc’s green transition while boosting its strategic autonomy, industrial, trade, and market competitiveness.
“Supporting jobs and industries in Europe, rather than financing our partners or rivals’ industrial development, must be a primary objective when spending public money,” Letta notes in his report.
Euractiv's Anna Brunetti and Thomas Moller-Nielsen have the full story for you. | 