One Market, Big Challenges, and Many Opinions at the EU Summit

Facing a transactional world of great power competition, the EU must strengthen its competitiveness and innovation. On the day the summit begins, we address the top agenda points, including the single market, the new EU budget (Multiannual Financial Framework), and schemes to support industrial production in Europe. With EU leaders at odds about how to develop the European market, we discuss which path German Chancellor Friedrich Merz should choose and the specific steps he should take.