The EU Commission's Competitiveness Compass aims to enhance the EU economy amidst competition from China and the US. It emphasizes reducing bureaucratic hurdles, introducing new Acts for innovation and decarbonization, and creating mid-cap companies. The strategy includes simplifying regulations, enhancing energy competitiveness, and promoting AI adoption. A 'Buy European' initiative will support local industries, while a Savings and Investment Union is proposed to boost capital investment in the EU. Teljes cikk (Euronews.com)