Ursula von der Leyen, the President of the European Commission, addressed EU lawmakers ahead of a leaders' negotiation focused on increasing the competitiveness of the EU's 27 member states. She emphasized that capital is urgently needed for businesses within the EU, urging immediate action this year to achieve strategic economic objectives. This highlights a growing recognition of the EU's need to fortify its position in the global market against powers like China and the United States.

During her speech, von der Leyen articulated the importance of making progress by dismantling obstacles that hinder the EU from becoming a true global powerhouse. She critiqued the current system, describing it as "fragmentation on steroids," implying that the EU's internal divisions must be addressed in order to achieve unity and strength on the world stage. Her comments signal a proactive approach to reform within the EU, as leaders aim to create policies that foster collaboration and collective growth across member states.

The implications of von der Leyen's speech are significant as the EU faces increased competition from major economies. Her call for breaking down barriers resonates with ongoing discussions around economic reform and innovation in the EU. By prioritizing measures that strengthen the internal market while addressing competitive challenges from external actors, von der Leyen aims to galvanize support for a renewed European identity and ambition in global affairs.