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Ursula von der Leyen, President of the Commission. Indeed, competitiveness was the topic of the European Council and leaders taking the floor recalled that, since the last European elections, our union has really weathered two a crisis of historic proportions. Think of SURE. SURE saved 40 million European jobs. I have not forgotten that, in , many predicted mass unemployment in Europe and long recession.
It did not happen because we put the right policies in place and we acted decisively. Instead, today we have more people in work than at any other time in European history. So dear colleagues, we have gone certainly through hell and high water. But in many respects we have come out stronger than five years ago.
The business model of many European industries was based on supposedly cheap energy from Russia and trade with a growing China. Today, we face a rogue Russia and a China struggling with domestic demand.
And besides geopolitics, there are other trends that are impacting our competitiveness. These trends can only be addressed with a concerted effort at both European and national level. And I am absolutely convinced that with the necessary push, we can set off a new surge of European competitiveness.