EU Leaders Agree on Common Priorities to Strengthen Economy After COVID-19 Crisis

Federal Minister of Economics Altmaier and European Commissioner for Economic Affairs Paolo Gentiloni discussed common priorities and measures to boost the economy, agreeing that the development plan agreed by EU heads of state and government must advance reforms and future investments. They emphasized the need to stimulate growth, strengthen competitiveness, and drive structural reforms, support digital and ecological transformation, and enhance research and innovation. These priorities are aligned with Germany's current EU Council Presidency. The two officials also touched on tax policy, relocation of production, and protection against job relocation to third countries with lower CO2 costs.

Key Takeaways:

EU leaders agreed to advance reforms and future investments in Europe as part of the development plan agreed by heads of state and government in July.
Federal Minister of Economics Altmaier emphasized the importance of using European funds to stimulate growth and strengthen the competitiveness of EU member states in the long term.
The main priorities of Germany's current EU Council Presidency include driving structural reforms, supporting digital and ecological transformation, and strengthening research and innovation.
Commissioner Gentiloni stressed the importance of tax policy for revitalizing the domestic market and effective protection against relocation of production, investment, and jobs to third countries with lower CO2 costs.
The EU Commissioner for Economic Affairs is responsible for economic and monetary union, tax policy, and macroeconomic aspects of COVID-19 crisis management.
Paolo Gentiloni emphasized the need to support the digital and ecological transformation, as well as research and innovation, especially in industry and medium-sized companies.

Statistics:

None provided in the source material.

Sources:

Federal Minister of Economics Altmaier
Commissioner for Economic Affairs Paolo Gentiloni
European Commission