Paolo Garonna’s Post

Enhanced growth, reforms, trade, connectivity, and the region closer to the European Union 🇪🇺 are at the heart of the #WesternBalkans Reform Agendas. Here is what its Reform Agenda will bring to #NorthMacedonia in the field of transport. More 👇 https://lnkd.in/dyxAFSDm

Weekly commentary below

#GeopoliticalFrontiers Today a joint meeting of the ministers of Finance of the #Eurozone 💶 and the British 🇬🇧 Chancellor of the Exchequer Rachel Reeves will take place in #Brussels 🇧🇪 🇪🇺. #WorthKnowing The meeting will address the most recent #macroeconomic developments 📈, discuss the budgetary situation and prospects in the #Euro 💶 area and review the economic and fiscal situation of its member states. Rachel Reeves is expected to pledge a new economic partnership with the #EU 🇪🇺, implementing the already existing agreements and building on those agreements to reflect their respective interests. The #UnitedKingdom 🇬🇧 wants to lower trade barriers with the European 🇪🇺 Union and align with European standards in a number of sectors such as #pharmaceuticals, #cars 🚗 and #agriculture 🧑🌾 to boost their suffering economy. #WhyIsItImportant This is the first time a member of the British 🇬🇧 government is participating to a meeting 📅 of the European 🇪🇺 Union. The political and economic situation could probably bring to a renewed partnership on common grounds to join forces in a new geopolitical era.

How #fragmentation, among other reasons, could push the #EU to an 'existential challenge'. On #Draghi's report on EU competitiveness, you can read #MartinWolf's new article, via Financial Times. It's for subscribers, but for you it's free. My pleasure. #competitiveness #Brussels #EUpolitics

The European Union (EU) is a political and economic union of member countries primarily located in Europe. It has unique features and functions compared to other unions, councils, or associations. Here is an overview: ### European Union (EU) 1. **Definition**: - A political and economic union of 27 European countries that are located primarily in Europe. 2. **Purpose**: - To promote economic cooperation and integration. - To ensure peace, stability, and prosperity in Europe. - To establish a single market with standardized laws that allow free movement of people, goods, services, and capital. - To adopt common policies in various areas such as trade, agriculture, and regional development. 3. **Structure**: - **European Commission**: The executive branch responsible for proposing legislation, implementing decisions, and managing day-to-day operations. - **European Parliament**: The legislative branch that represents EU citizens and is directly elected by them. It shares legislative powers with the Council of the European Union. - **Council of the European Union**: Represents the governments of the member states and, together with the European Parliament, enacts legislation and coordinates policies. - **European Council**: Composed of the heads of state or government of the member states, it sets the EU's overall political direction and priorities. - **Court of Justice of the European Union (CJEU)**: Ensures EU law is interpreted and applied consistently across all member states. - **European Central Bank (ECB)**: Manages the euro and EU monetary policy. 4. **Key Treaties**: - **Treaty of Rome (1957)**: Established the European Economic Community (EEC) and the European Atomic Energy Community (Euratom). - **Maastricht Treaty (1992)**: Formally established the European Union and introduced the concept of European citizenship. - **Lisbon Treaty (2007)**: Reformed the institutional structure of the EU and enhanced its efficiency and democratic legitimacy. 5. **Single Market and Eurozone**: - The EU's single market allows for the free movement of goods, services, capital, and people. - The Eurozone is a subset of EU member states that have adopted the euro (€) as their currency. 6. **Policies and Areas of Cooperation**: - **Economic and Monetary Union**: Coordination of economic policies and use of a common currency (euro) among Eurozone members. - **Common Agricultural Policy (CAP)**: Provides financial support to farmers and promotes sustainable agriculture. - **Cohesion Policy**: Aims to reduce disparities between regions and promote balanced development. ### Conclusion The European Union is a unique entity that integrates political, economic, and legal systems of its member states to promote cooperation, peace, and prosperity in Europe. It operates through a complex structure of institutions and policies designed to balance the interests of its diverse member states.

The long expected report of Dr. Mario Draghi on the EU competitiveness has been on for a week and quiet understandably provoked huge interest and discussions about the suggested way forward not only in the Brussels bubble but globally. Shall the EU manage to find the right solutions for ensuring the EU competitiveness is yet to see. We all hope for that and expect the meaningful initiatives to be implemented to achieve this goal of utmost significance for the future of the EU, its industry, citizens, and its role on the global stage. #competitiveness #EU #industry https://lnkd.in/eAk84kkG

📰The Draghi report on the future of European competitiveness has been largely well received, although concerns have been raised that Draghi is prescribing a rollback of #competition enforcement and #regulation, particularly in telecoms and digital. ⭐This column argues that this is a misrepresentation of what he says. 🧩Draghi’s competition recommendations involve adopting a more “innovation and growth-focused” posture in selecting and investigating cases, going “back to drawing board” on principles and breaking siloes with industrial policy and trade, not a prescription to relax competition enforcement. Vox column by: Cristina Caffarra (UCL) Read more here: https://ow.ly/GA2A50TpNza

🇪🇺 The European business services sector understands the importance of driving the #European Union's quest for economic competitiveness! Europe must harness the single market's potential, promote competition, support collaboration through robust funding, stimulate innovation, and strengthen its governance. As the European Parliament elections in June approach and a new political cycle begins, the debate on Continental economic policy increasingly revolves around one theme: competitiveness. This new debate is thus deeper, more complicated, and more divisive than previous incarnations. Competitiveness must be reconciled with the new challenges of today's world, including economic security, decarbonization, shrinking fiscal space, and growing economic nationalism in various parts of the world. It must be clear to all that there is no trade-off between competitiveness and competition. The EU single market should be open and competitive, creating conditions for innovation to thrive and economic growth to foster - Janusz Dziurzynski - Founding Leader ABSL https://lnkd.in/dSc2wj58 ABSL Albania ABSL Bosnia and Herzegovina ABSL DACH ABSL Czech Republic ABSL Hungary ABSL Latvia The Association of Business Services Leaders in Moldova (ABSL) ABSL Poland ABSL Romania #EU #Economy #Competition #Innovation #ABSL #politico

On #StrategicEurope, Sinan Ulgen and I argue that the EU should be more aware of the trade-offs between its aspirations for economic security and its identity as the flag bearer of a multilateral rules-based order. This means relearning how to manage interdependence: https://lnkd.in/d4Ms25pb For a more comprehensive analysis into how the EU should adapt its political economic model to face global challenges, read our report: https://lnkd.in/eVk78eaR

The European authorities emerging from the forthcoming elections in June will have to define an ambitious reform agenda to strengthen the European Union's competitiveness. Paris Europlace recently proposed policy recommendations for action for the 2024-2029 European term. Actually, in-depth cooperation between the major states of the European Union is essential to truly achieve a capital markets union that facilitates sound corporate financing, investment and employment. Thank you to the #Finanzplatz #München Initiative for inviting Paris Europlace for the first time today to present its work in favor of a stronger European Union, capable of making a success of its energy and digital transitions. Dialogue between financial centers is decisive in helping to transform the continent's future, diversify the sources of funding of the EU economies and ensure a level playing field between jurisdictions. Paris Europlace looks forward to continuing to deepen the dialogue between French and German players on many subjects of shared interest around the capital markets union: improving financial and prudential #regulation, #securitization, rethinking EU regulatory authorities governance, broadening ESMA’s supervisory power, removing well-flagged obstacles to cross-border investments, better understanding of the role of finance in the EU economy and increasing retail investors’ financial #literacy in particular. Paris Europlace European priorities report is available here: https://lnkd.in/eJRzEyDw Sehr grossen Dank an Andreas Schmidt, Andreas Dr. Steinert, Simon Linder und Sabine Heimbach in particular among all participants. #CMU #ESMA Véronique Ormezzano