Research is by definition international. No country can tackle major social challenges such as climate change alone. The EU offers Member States the opportunity to agree on common themes and frameworks for research and innovation. The diversity of national research systems remains.
The Banking Union (BU) is an essential part of the Economic and Monetary Union (EMU) as it decisively contributes to financial market stability and growth. Both aspects are vital for German industry. But the implementation of the key elements of BU have advanced at different paces and are subject of controversial debate.
The award of public contracts to business is of great importance for meeting public needs adequately and cost-efficiently. At the same time, it constitutes an important demand factor for national businesses bidding for these contracts and for competitors from other countries.
A market-oriented regulatory framework that promotes open markets and functioning competition is an essential precondition and the best guarantee for growth, innovation and jobs in an economy. Because competition keeps market power in check, rewards entrepreneurial commitment and innovative skill, and opens up opportunities.