The Minister for Economy, Trade and Business, Carlos Cuerpo, with the meeting participants
Germany, France, Italy, Poland, Luxembourg, the Netherlands and Spain have welcomed the launch of the European Competitiveness Laboratory at a meeting in Brussels.
This innovative tool proposed by Spain aims to advance integration and mobilise private financing to promote European priorities and contribute to the Union's strategic autonomy.
The laboratory will enable agile decision-making in times of great urgency, adapting to the growing challenges in a changing global scenario. This test laboratory will allow groups of countries to launch innovative projects that will be evaluated by the Commission and subsequently extended to the other the member states.
"This meeting is an important milestone in the governance of the European Union, which makes us more agile and favours integration," said the Minister for Economy, Trade and Business, Carlos Cuerpo. "Now is the time to be ambitious and to act in a determined manner to respond together to the challenges facing the EU."
A preliminary list of projects to work on to remove barriers to integration, and to deepen access to finance for European companies, especially SMEs, has been discussed.
Among the first projects to be studied is the development of a European savings product, which would encourage the mobilisation of citizens' savings for investment in projects of European interest.
Non official translation