European Union leaders committed to “Buy European” policies during their economic competitiveness summit in Belgium. The 27-nation gathering addressed Europe’s position relative to major powers through strategic industrial protection measures.
Costa confirmed broad agreement on reinforcing defense, space, clean tech, quantum, artificial intelligence, and payment systems through proportional European preference. The targeted approach reflects recognition that strategic sectors require protection against unfair competition.
Von der Leyen emphasized enormous pressure and urgency could enable transformative change despite vested interests. Her action plan by March addresses regulatory simplification, startup support through EU Inc, capital market integration, and energy cost reduction.
The summit incorporated insights from Draghi and Letta, whose comprehensive reports highlighted Europe’s challenges. Draghi’s warning that the current economic world order is “dead” influenced strategic discussions about Europe’s future competitiveness.
Italy, Germany, and Belgium co-hosted pre-summit discussions with 19 member states about industrial relaunch initiatives. The gathering addressed emissions trading system review, demonstrating emerging coalitions reshaping European economic policy coordination.