Post by sevenofnine on Apr 18, 2024 11:25:50 GMT -5
Good idea China is rising to a point
The 27 leaders of the European Union have called for a "new competitiveness deal" to close the economic gap with its global rivals and reverse a worrying trend of industrial decline.
The political endorsement came Thursday after hours of discussion in Brussels and despite profound disagreements between leaders over proposals to harmonise corporate tax rules and a decades-old plan to integrate the capital markets of EU countries.
It comes as the bloc faces an increasingly volatile geopolitical context, rapid demographic changes and stiffer competition from foreign governments that are roping in investments with attractive subsidy packages.
www.euronews.com/my-europe/2024/04/18/faced-with-us-and-china-eu-leaders-call-for-sweeping-competitiveness-deal
The 27 leaders of the European Union have called for a "new competitiveness deal" to close the economic gap with its global rivals and reverse a worrying trend of industrial decline.
The political endorsement came Thursday after hours of discussion in Brussels and despite profound disagreements between leaders over proposals to harmonise corporate tax rules and a decades-old plan to integrate the capital markets of EU countries.
It comes as the bloc faces an increasingly volatile geopolitical context, rapid demographic changes and stiffer competition from foreign governments that are roping in investments with attractive subsidy packages.
www.euronews.com/my-europe/2024/04/18/faced-with-us-and-china-eu-leaders-call-for-sweeping-competitiveness-deal
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