Brussels: Leaders of the European Union gathered at a historic castle in eastern Belgium on Thursday for an informal retreat focused on strengthening Europe’s economy and competing more effectively with the United States and China.
The meeting, held at the Alden Biesen castle, brought together heads of government from all 27 EU member states. The talks are aimed at finding new ways to boost growth, improve productivity and reduce Europe’s dependence on other global powers.
European Commission President Ursula von der Leyen told leaders that competitiveness is not only about economic success but also about Europe’s security and global influence. She stressed that Europe must act together to remain strong in areas such as technology, clean energy and advanced manufacturing.
For several years, the European economy has grown more slowly than that of the United States and China. European companies have also faced higher energy costs, stricter regulations and fragmented rules across member states. Many business leaders have warned that without urgent reforms, industries could shift investment away from Europe.
The retreat exposed differences among member countries on how to move forward. France is pushing for stronger protection of European industries and more common financing tools at the EU level. Germany and Italy are calling for simpler rules, less bureaucracy and deeper trade ties.
Another key issue is completing the EU single market. Leaders are discussing plans to remove remaining barriers that limit the free movement of goods, services, capital and workers across the bloc. Many believe that a more integrated market would help European firms grow larger and compete globally.
The discussions also come at a time of global economic tension. Trade frictions with the United States and export restrictions from China have added pressure on European industries. Leaders say Europe must strengthen its strategic independence while maintaining open trade relationships.
The castle meeting is not expected to produce formal decisions. Instead, it is meant to prepare the ground for concrete proposals at the next formal EU summit in March. Officials hope that by then, member states will agree on specific steps to make Europe more competitive and resilient in a rapidly changing world.