Small business - Photo by Alena Darmel on Pexels

“If the EU is serious about sovereignty, security, and prosperity, ‘Think Small First’ must guide every political choice”, stressed Davide Galli, SMEunited President, ahead of the informal EU leaders’ retreat on competitiveness on 12 February.

Europe has to create a well-functioning Savings and Investment Union to mobilise private investments. However, it will depend on the willingness of Member States to go the extra mile for necessary harmonisation steps in taxation, company law, insolvency procedures and supervision.