Former Italian prime minister Enrico Letta, in charge of the long-awaited Single Market Report, wants to propose a tool resembling tax credits used by the US Inflation Reduction Act (IRA), he said on Tuesday (19 March).
Letta, tasked with authoring and presenting a high-level report on the future of the EU’s single market to EU leaders on 17 April, has laid out some ideas of what the report might entail to business leaders at a conference in Berlin on Tuesday (19 March).
In his speech, Letta highlighted the 27-country bloc’s faltering competitiveness against the US, which has been outperforming the EU’s economy in recent years.
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