EU backs competitiveness push, but divisions persist

European Union leaders agreed to reforms on nine fronts on Thursday to revitalise the bloc’s economy and help it catch the United States and China in the global tech race, but still exposed differences on freeing up the money required to do so.
Leaders first heard from former Italian Prime Minister Enrico Letta, tasked with assessing the shortfalls of the EU single market, who has warned this is the bloc’s final chance to act.
Letta’s report said the rise of geopolitical tensions and protectionism threatened EU economic security and undermined its push into technologies from artificial intelligence to clean tech and its green and digital transition which is set to cost 620 billion euros ($662 billion) per year.
Read more on Reuters.

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