EU’s Digital Lag: Urgent Reforms Needed to Compete with US and China

(Bloomberg) —The European Union (EU) is facing significant challenges in maintaining its economic competitiveness, particularly in the digital sector, where it lags behind the United States and China. According to a draft report cited by Bloomberg, the EU’s executive arm highlights mounting risks stemming from geopolitical tensions, strategic dependencies, and unfair trade practices that disproportionately impact the bloc’s open economy.