Open Letter on European competitiveness report

Financing the transition

Open letter to Prof. Mario Draghi, former Italian Prime Minister and former President of the European Central Bank European, on the European competitiveness report, signed by Chiara Martinelli, Director of Climate Action Network (CAN) Europe.

We would like to share our views on some of the challenges facing industry and companies in our Single Market, which resonate with our mandate, as well as our concerns on the EU’s current approach to industrial policy, macroeconomic competitiveness, and associated public and private finance policies. Building on those concerns, we propose some key recommendations which you can find enclosed together with the full letter.




Open letter: Support public investments for a stronger, more resilient and sustainable economy

We are deeply concerned about the return of overly restrictive fiscal policy. The final compromise on the reform of the EU economic governance due to be voted on by the European Parliament and the Council is multiplying unsubstantiated and arbitrary numerical benchmarks, which will trigger a wave of cuts to public budgets across Europe. Several countries, such as Germany, France and Denmark, have already cut or are planning to cut green investment and social spending for 2024 and 2025.

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