Just two weeks ago, European Central Bank President Mario Draghi delivered a sobering but realistic assessment of Europe’s competitiveness in his latest report.

Draghi underscored that securing Europe’s future prosperity requires significant action—among them €800 billion in additional annual public and private investments through 2030. His message is clear: cleantech, digitalization, and electrification are vital to this mission.

We fully support Draghi’s vision. Increased investment in innovation and a better regulatory environment for start-ups will be critical to bolstering Europe as a competitive business hub.

Encouragingly, Ursula von der Leyen has signalled her alignment with these goals. Last week, she unveiled her team of commissioners and portfolios, which align well with Draghi’s proposals.

We are excited about these developments and remain committed to investing in Europe’s future.