European Commission president says: ‘We have the second largest economy in the world, but we are driving it with the handbrake on’
European Commission president Ursula von der Leyen insisted this morning that the EU needs to “tear down” the economic barriers that prevent it from becoming “a global giant” and deepen its internal market, as she kicked off 48 hours of intensive discussions on the bloc’s economy.
A number of EU leaders will meet today at an industry event in Antwerp, before they meet again tomorrow morning for a pre-summit discussion ahead of an informal summit proper later that tonight.
Addressing a largely empty hemisphere of the European Parliament in Strasbourg, von der Leyen said the bloc needed “to tear down the barriers that prevent us from being a true global giant,” as she warned that the current system amounts to “fragmentation on steroids” with many different, and potentially conflicting, legal regimes.
“We have the second largest economy in the world, but we are driving it with the handbrake on, and the good news is this can be fixed, but we need single minded focus on the single market, and we need to tear down barriers one by one,” she said.
