The Business Times

Marcin Korolec

The flag of the European Union flies at the EU headquarters during the Special European Council to discuss continued support for Ukraine and European defence, in Brussels on March 6, 2025. European Union leaders hold emergency talks in Brussels gathering as the Trump administration upends traditional alliances and retracts wartime backing of Ukraine. The summit brings all 27 EU leaders together for the first time since the explosive meeting between US and Ukraine presidents on February 28, 2025, with US military aid and intelligence sharing since suspended. (Photo by HATIM KAGHAT / BELGA / AFP) / Belgium OUT

Europe’s Competitiveness Compass points in the wrong direction

To become globally competitive in the 21st century, the EU must establish a fund, financed by joint debt, to subsidise European manufacturing...

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