How to reignite the EU’s economy: Debate with Austrian industry

Speaking on 18 June at the Industry Reception 2024, organised by our member Federation of Austrian Industries (IV), Director General Markus J. Beyrer emphasised the need for enhancing investment conditions across Europe in the upcoming political mandate.

“Only an economically strong Europe can play a strong global role, only successful companies can create and secure high-quality jobs”, he said, noting Europe has been lagging behind global competitors in economic growth and investment. To reignite the economy, the EU must tackle high energy prices, reduce regulatory burdens, unleash the full potential of the Single Market and pursue an ambitious trade policy. Beyrer highlighted the European Council's recent emphasis on a ‘New Competitiveness Deal’ to enhance Europe's global standing. “We need swift and decisive action from European institutions to translate words into effective policies”, he added.