European Council Remarks on Competitiveness, Growth, Jobs, and Autonomy
Summary
European Council President António Costa delivered remarks on March 19, 2026, highlighting the focus on competitiveness, economic growth, job creation, and strategic autonomy. Key areas discussed include integrating energy and telecommunications into the single market, investing in innovation and skills, and addressing energy security through increased homegrown production.
What changed
European Council President António Costa's remarks on March 19, 2026, outline the agenda for the European Council meeting, emphasizing competitiveness as a core theme for 2026. He highlighted the need to boost economic growth, create quality jobs, and enhance strategic autonomy through initiatives like the 'One Europe, one market' agenda, integration of energy and telecommunications sectors, investment in AI and quantum computing, and mobilization of European savings. The remarks also stressed the importance of increasing homegrown energy production for security and pursuing the energy transition while considering member state specificities and environmental goals.
While the remarks do not introduce new binding regulations, they signal the EU's strategic priorities and upcoming policy directions. Compliance officers should note the emphasis on innovation, skills development, and energy security, which may lead to future regulatory changes or initiatives. The discussion on mobilizing European savings and concluding the Savings and Investment Union could impact financial services firms. The President also touched upon international relations, including the UN, the conflict in Iran, the war in Ukraine, and the situation in Gaza, indicating a broad geopolitical context influencing EU policy.
Source document (simplified)
- European Council
- Statements and remarks
- 19 March 2026 10:20
Remarks by President António Costa at the doorstep ahead of the European Council meeting of 19-20 March 2026
2026 is the European year of competitiveness. And today, the leaders will focus on competitiveness. To boost economic competitiveness is essential to increase our economic growth, to create quality jobs, but it is also essential to increase our strategic autonomy. And today, we will deliver on our 'One Europe, one market' agenda, as we promised some weeks ago in our retreat in Alden Biesen. The 28th regime, the so-called 'EU Inc.', is a very good first step.
We need to continue, we need to integrate energy and telecommunications sector in the single market, we need to pursue our simplification agenda, and we need to invest more in innovation in the new sectors: AI, quantum computing. We need to invest more in skills, reskills, upskills, life-long learning. Then we need to have a next long term budget fit for this purpose. And of course we need also to mobilise the European savings to support investment. And for this we need to conclude the Savings and Investment Union, it is very, very important. That is why today we will approve very concrete measures, with a concrete timeline, to deliver our agenda by the end of 2027 at the latest, but with several measures that we need to adopt until the end of this year.
Of course, nobody can ignore that we are facing challenging times on energy, and we need to address them. The current conflict in Iran shows, once again, that the best way to have a predictable and reliable horizon on our energy is to increase the homegrown production of energy. This is the only way to become autonomous, independent, and secure our energy system. For this, we need to pursue our energy transition, and this is our main task. Of course, we need to do this taking into account the specificity of different member states, the specificity of some economic sectors, that are intensive in the use of energy. But we need to do this together and never forget that we need to not only protect our companies today, but we need also to ensure that the next generation continues to have a planet to live in. This is part of the climate and the environmental goal.
It is clear that energy means security. We need to build our own capacity to produce our own energy, because it's the only way to be secure.
Finally, we will have the opportunity to meet with the Secretary-General of the United Nations, António Guterres. The multilateral system is a basic instrument to protect the international rules-based order. And it is clear that there is no alternative to the international rules-based order, because the alternative is the war in Ukraine, the alternative is unfair competition on trade, it is the threat on the sovereignty of Greenland, it is the threat to sovereignty in other parts of the world. Then, if you want to preserve stability, if you want to preserve peace, we need to uphold the international law and uphold the multilateral system. And this meeting with António Guterres is very important, not only to address the dramatic situation now in the Middle East, namely what is happening in Lebanon, that is dramatic. And also to never forget that it is urgent to mobilise the international community to support the Gaza population because you need to clean the rubble, we need to ensure water supply, energy supply, emergency shelter for people living in Gaza. Because we are moving from a conflict to another conflict, but unfortunately, the war in Ukraine did not stop, the situation in Gaza remains dramatic, and we need to address all of this.
Thank you.
Arrival and doorstep by President António Costa
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Topics
- Foreign affairs
- Competitiveness
- Energy
- Middle East and North Africa
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