What is the Industrial Accelerator Act and why is the Commission proposing it? The Industrial Accelerator Act (IAA) is a legislative proposal designed to strengthen Europe's industrial base by boosting manufacturing, growing businesses, and creating jobs in the EU. It delivers on the recommendations of the Draghi report on EU competitiveness, the political guidelines of the Commission, and the mission entrusted to the Executive Vice-President for Prosperity and Industrial Strategy. The IAA mobilises public procurement and public incentives to boost demand for low-carbon and European-made products...

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Countries must shift toward fiscal discipline and reforms that raise long-term growth. Many highly indebted advanced economies face a grim fiscal outlook. Under current policies, the public debt ratios of countries including Belgium, France, the United Kingdom, and the United States are set to deteriorate over the next two decades. They still have room to borrow, but there are limits. So far, financial markets have been forgiving. But recent tremors suggest that they may become more sensitive to negative news about...

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