A “business as usual” EU agenda is not an option anymore. A radical change of course is needed to keep economic output, innovation and investment within Europe. Policy-makers should not be misled by falling energy prices and declining inflation, both of which are still high in comparison with our competitors. Europe’s position as an attractive and competitive place for investment and doing business is under threat, putting at risk our industrial base with severe negative effects on the European economy and households.
We call on policy-makers on European, national and regional levels to take urgent action in 2023 to provide regulatory breathing space for business and boost competitiveness.