In her State of the Union tackle because the president of the European Fee (EC), Ursula von der Leyen mentioned a number of expertise initiatives to assist enterprise restoration and drive innovation.
Discussing the restoration from the Covid-19 pandemic, von der Leyen stated that in comparison with the 2008 monetary markets crash, the EC expects 19 international locations to be at pre-pandemic ranges this yr, with the remaining following subsequent. “Progress within the euro space outpaced each the US and China within the final quarter,” she stated. “However that is solely the start. And the teachings from the monetary disaster ought to function a cautionary story.”
By an initiative known as NextGenerationEU, the EU plans to put money into each short-term restoration and long-term prosperity, stated von der Leyen. Together with addressing structural points within the economic system, she stated: “We’ll put money into 5G and fibre. However equally