Editorial: La Vanguardia

• The Competitiveness Compass presented by the President of the European Commission, Ursula von der Leyen, focuses on supporting companies and innovation to reduce the technological gap with the United States and China.
• The proposals highlight measures to simplify bureaucracy, reduce energy costs, and develop a shock plan to reduce bureaucracy.
• The development of a specific legal regime to harmonize the fiscal and labor legislation of startups is expected.
• It proposes the creation of 'gigafactories' of Artificial Intelligence to develop this technology in key sectors, in addition to the promotion of renewable energies.
• It seeks to promote the formation of large European business groups in sectors such as finance, telecommunications, energy and defense.

Conclusion: The proposals present initiatives to accelerate the innovation and growth of the EU, but lack an economic memory and would be insufficient to fully reduce the gap with the United States and China.

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