Meeting in a Belgian castle, the EU leaders agreed an “action plan” with a strict timeline for the economic restructuring, European Commission President Ursula von der Leyen said. “The pressure and the sense of urgency is enormous, and that can move mountains,” she said.
The plan, to be presented formally in March, would include measures to coordinate upgrading energy grids, deepen financial integration and loosen merger regulations to allow European firms to grow to better compete globally, she said.
“We need European champions,” von der Leyen said.
