Europe paying price for being ‘greedy’

The process of Ukraine's accession to the EU will progress "much faster" than usual, predicts Margrethe Vestager. In an exclusive interview with Kathimerini on the sidelines of the European Investment Bank Group Forum, the executive vice president of the Commission for a Europe fit for the digital age and European commissioner for competition emphasizes that - more than the subsidy policies of other countries - the competitiveness of the EU is threatened by a significant shortage of necessary skills.

Vestager explains how the latest round of easing state aid rules will curb the trend of investment flight to the US in the aftermath of the Inflation Reduction Act. She notes that Europeans were hypnotized by the prosperity provided by cheap Chinese manufacturing and Russian energy, but that they have now woken up and are taking seriously the risks inherent in economic relations...