Justice minister Tuzson: Europe is in big trouble, its competitiveness is lagging behind that of the US and China
Justice Minister Bence Tuzson said in Budapest on Monday that Europe “is in big trouble” and that its competitiveness is lagging behind that of the US and China. This was ahead of a conference on competitiveness held in the framework of Hungary’s EU presidency.
Speaking ahead of the conference entitled Legal Competitiveness—Instruments of Law for a more Competitive Europe, which will be held in downtown Várkert Bazar from 11 to 12 November, Tuzson said the Hungarian presidency focused on competitiveness and saw legal and legislative work as of primary importance within that topic. The timing and structure of regulations are fundamental factors in competitiveness, and it is important that the issue is addressed on a European level, he said.
Tuzson lamented the EU’s “tunnel vision” regarding legislation’s impact on competitiveness. As an example, he pointed to GDPR’s effect on SMEs in the EU, saying they were at a competitive disadvantage compared with companies in third countries “to whom GDPR doesn’t apply and so they can be more competitive.”
Tuzson said the EU is also behind in digitalisation and AI, adding that they would be important tools in legal work.
“The EU still has a chance, but we are in the last minute” to catch up with competitors posing “an enormous global challenge” for the EU, he said, adding that the Hungarian presidency was working to facilitate that process.
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4 Comments
Mr. Tuzson is right. It is time to spend euros on research and development instead of useless wars.
The EU focus is how they can silence X and Elon Musk. Just one of his company’s standout as examples how to make things happen even n the US. SpaceX gets major funding but He can put rockets into space for fraction of what it cost gov (NASA)
and in less time. The left in the US is in sink with the EU in trying to silence Must.
Europe pop is double that of the US.
Tee EU seems focused on global warming and bringing the 3rd world to Europe.
UK, France and Germany it’s only a matter of time.
@mariavontheresa – you will be happy to read that the European Union already commissioned a comprehensive blueprint for this!
https://ec.europa.eu/regional_policy/whats-new/newsroom/23-10-2024-draghi-s-report-on-the-future-of-european-competitiveness-a-blueprint-for-europe-s-demographic-and-regional-cohesion_en
Quite surprising that our Politicians keep on bringing up the issue without referencing the Draghi report. Or is it?
What took the EU so long Norbert? Research and development was delayed due to the incompetent EU parliament headed by von der Leyen; yet it was proven about 30 years ago that $1 invested in R & D usually generates of $10 profit. The EU is panicking that President Trump will not allow the EU to take advantage of US inventors. Hungary has never fallen behind keeping up with new invention, the untraceable drones are the newest invention. For the first time the EU may have to survive without the US safety net and US help that always saved Europe at the expense of American taxpayers. It is time that Europeans actually did some work.