Silvia Nadjivan, Lukas Sustala
This article argues that Europe is at a critical juncture: it is facing geopolitical threats from Russia and the US while experiencing a steep decline in its share of global GDP. It further argues that to regain competitiveness, Europe must act decisively across four main areas: finances, regulation, research and development, and security. To address these challenges, this article proposes a ‘360-degree competitiveness compact’ that includes future-proofing the EU budget to fund public goods, drastically simplifying regulations to cut business costs, and creating a Savings and Investment Union to unlock trillions of euros in private capital for innovation.