The report proposes new prudential rules for banking and institutional investors to facilitate risky investments.
He wrote that the EU "needs far more coordinated industrial policy, more rapid decisions and massive investment if it wants to keep pace economically with rivals the United States and China.
[6] The report supports joint borrowing, something von der Leyen and various member states immediately rejected.
Central and Eastern Europe as well as the civil society and trade unions were underrepresented, making the report focusing too much on core European countries and on business interests, and addressing social and ecological challenges with fewer points of view.
[13] French economist Thomas Piketty welcomed the report as "going in the right direction" and "having the immense merit of overturning the dogma of fiscal austerity".