Companies cannot absorb additional burden on top of the crisis

On 24 March, speaking at the Tripartite Social Summit video conference on behalf of employers, BusinessEurope President Pierre Gattaz said: "Faced with the worst economic crisis since the second world war, the European Union has mobilised unprecedented financial resources. Now is the time to make the next steps to pave the way to a solid recovery. Enterprises are key to achieve Europe’s ambitions. Based on signals received from members, BusinessEurope has to issue a wake-up call: companies cannot absorb additional burden on top of the crisis! The EU Recovery and Resilience Facility offers a once-in-a-generation opportunity to transform our economies by boosting productivity, growth and competitiveness. To make sure we make optimal use of these funds, the EU must focus on three priorities: 1. putting in place a well-articulated European economic agenda, 2. pursuing effective better regulation policies, 3. accelerating roll out of vaccines and minimising restrictions at internal borders within our Single Market.