European Commission. “Competitiveness Compass.” Accessed 14.08.2025. https://commission.europa.eu/topics/eu-competitiveness/competitiveness-compass_en.
Our plan to reignite Europe’s economy
Over the last two decades, Europe’s potential has remained strong, even as other major economies have grown at a faster pace.
The EU has everything it takes to unlock its full potential and drive faster, more sustainable growth: we boast a talented and educated workforce, capital, savings, the single market, and a unique social model. To restore our competitiveness and unleash growth, we need to tackle the barriers and weaknesses that are holding us back.
In January 2025, the Commission presented the competitiveness compass, a new roadmap to restore Europe’s dynamism and boost our economic growth.
https://ec.europa.eu/avservices/play.cfm?ref=I-267829&lg=EN&sublg=none&autoplay=true&tin=10&tout=59
Three necessities for a more competitive EU
The compass builds on the analysis of Mario Draghi’s report on the future of European competitiveness.
The Draghi report originally identified three necessities for the EU to boost its competitiveness:
- Closing the innovation gap
- Decarbonising our economy
- Reducing dependencies
The compass sets out an approach to translate these necessities into reality.
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