The bloc’s 27 leaders will meet on March 20 to discuss competitiveness and economy.
European Union leaders want to double down on cutting back red tape, lowering energy prices and unlocking private savings to jumpstart the bloc’s economy, according to a draft joint statement dated March 10 and obtained by POLITICO.
They will convene in Brussels March 20-21 as part of the next European Council.
“2025 should mark a step change in the EU’s action to boost competitiveness,” the document reads, urging the European Commission to cut red tape by 25 percent — and by up to 35 percent for SMEs — and to “stress-test” existing legislation for simplification.
Leaders are also expected to call on policymakers to “better protect EU citizens against high energy costs” and to complete a “genuine Savings and Investments Union” as a top priority.
