European Union leaders want to double down on cutting back red tape, lowering energy prices and unlocking private savings to jumpstart the bloc’s economy, according to a draft joint statement dated March 10 and obtained by POLITICO.
They will convene in Brussels March 20-21 as part of the next European Council.
“2025 should mark a step change in the EU’s action to boost competitiveness,” the document reads, urging the European Commission to cut red tape by 25 percent — and by up to 35 percent for SMEs — and to “stress-test” existing legislation for simplification.
Leaders are also expected to call on policymakers to “better protect EU citizens against high energy costs” and to complete a “genuine Savings and Investments Union” as a top priority.
