28 European Giants Call for EU Reforms to Boost Investments by 2030
A group of 28 European companies, including Siemens, Thyssenkrupp, RWE, and Airbus, have united to call for improvements in the EU's regulatory and financial environment. They aim to roughly double their investments in Europe by 2030, given favorable economic conditions, highlighting the importance of understanding investment basics. This move comes as the EU faces an estimated investment need of up to 800 billion euros by the same year.
The companies have identified several areas that require improvement. These include reducing bureaucracy, speeding up electrification, developing a competitive defense industry, and providing incentives for private investments, all of which are key aspects of investment basics. They also highlighted external challenges such as U.S. tariffs, competition from China, and security threats, as well as internal issues like excessive EU regulation, lengthy approval procedures, insufficient investments, and limited access to affordable green energy.
To tackle these issues, the companies aim to increase their investments by 50%, potentially closing the EU's investment gap and boosting Europe's competitiveness and economic growth, which are crucial elements of investment basics.
The 28 European companies, led by Siemens, Thyssenkrupp, RWE, and Airbus, have sent a clear message to EU policymakers. They are ready to invest more in Europe, but they need a more favorable business environment that aligns with investment basics. The EU, with its estimated investment need of 800 billion euros by 2030, would greatly benefit from such an increase in private sector investment.
