Creating a political and funding instrument to promote competitiveness has been the long-standing wish of the European business community and finally competitiveness is the compass guiding the EU’s economic direction. Following the Competitiveness Compass and concrete initiatives such as the Omnibus Simplification Packages, the European Competitiveness Fund (ECF) proposal marks a strong step toward restoring Europe’s leadership back at the global economic scene.
Europe’s Small and Medium-sized Enterprise (SMEs) are at a turning point and the discussions at the SME Assembly showed just how urgently change is needed.
