The European Union is experiencing a period of economic stagnation, compounded by growing debt. The article examines the measures needed to restore competitiveness.

Debt Issues in France and Other EU Countries

Currently, seven EU countries are under an excessive deficit procedure. France, in particular, is nearing 6% of GDP, prompting the government to promise a return to normal by 2029. This highlights the current challenges the EU faces in maintaining budgetary stability.

Investment Needs for Competitiveness

Mario Draghi, former president of the European Central Bank, published a report suggesting that the EU should invest approximately 800 billion euros annually to avoid falling behind in the global race for innovation. Meanwhile, the EU's current budget is limited to 1% of GDP.

New Measures to Boost the EU Economy

Enrico Letta, former Italian Prime Minister, proposed a series of measures to improve the economy and functioning of the internal market. This includes better integration of the telecom, energy, and finance sectors to close the gap in growth, productivity, and innovation.

The EU, and particularly France, must find a balance between managing debt and stimulating economic growth. Substantial investments and structural reforms will be necessary to maintain competitiveness on the global stage.