European Union wants to use its power to address the challenges posed by China and the United States.

EU leaders have discussed the need to integrate the bloc’s financial markets in order to compete with China and the United States. The single market, which is over 30 years old, needs an update to include sectors such as defence, energy, finance, and telecoms. Fragmentation in these sectors with different national rules hinders the EU’s competitiveness. The EU aims to mobilize private financing for its priorities, including the green and digital transition. The EU economy has stagnated while the US and China have experienced growth. The EU needs radical change to bridge the economic gap. You Can Read Full News By Clicking On Below Link.

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