Former Italian Prime Minister and President of the European Central Bank Mario Draghi stated that Europe must transform into a “genuine federation” to avoid becoming subordinated and deindustrialised, as he warned against rising US tariffs and China’s market control.

The European Union’s proposal for the EU-INC aims to create a single company structure to enhance cross-border growth for startups, addressing fragmentation in company laws. The initiative has gained support from over 23,000 in the tech startup community.