“Europe has two months to prepare” for the arrival of Trump, warns the boss of Medef

After a speech by Prime Minister Michel Barnier, the three organizations will sign a joint declaration on Friday, which, hearing the speeches of the three leaders on Thursday, will certainly call on Europe to mobilize quickly so as not to fall behind the economy world, in particular by reducing its bureaucracy.

Europe has two months to prepare and organize itself in such a way as to profoundly and quickly transform its economic policies. After this time, the shock will be severe, while our current performance is already fragile”

In the presence of the President of the European Parliament, Roberta Metsola, and Antonio Tajani, Italian Minister of Foreign Affairs and International Cooperation, Patrick Martin called on Europe to “get rid of a certain form of angelism , passivity, even disconnection from the rest of the world.” He judged that it was necessary to “reconcile the essential environmental and societal objectives with the equally essential economic performance”.

“Adjust our policies radically if necessary”

“In sixty days, a new American president will be in power, let's say it, suspicious of the European Union, skeptical of NATO, and who is committed to increasing customs duties from 10 to 20 %, at least, on all our products. Europe has two months to prepare and organize itself in such a way as to profoundly and quickly transform its economic policies. After this deadline, the shock will be severe, while our current performance is already fragile,” he warned.

He proposed to “compare our economic results to those of the United States, and whenever the European figures are lower, to adjust our policies radically if necessary”. He hoped that Europe would “massively support all carbon-free energies”, particularly nuclear power, and asked for a simplification or even a postponement of the CSRD and CS3D directives, which require companies to undertake cumbersome procedures.

For him, the CS3D, which requires companies to have a duty of vigilance extended to their entire value chain, with sanctions of up to 5% of global turnover, “is a real red flag for our businesses and a white flag of surrender to our competitors.”