In the area of innovation and development, Europe still has a lot of catching up to do with the rest of the world. The US and China continue to set the pace, especially when it comes to developing new technologies.
We have to do more to not lose out in the longer term. The funds for research and technology development must be raised significantly. There is also a need for better cooperation and coordination in key research projects. The focus should be on supporting resource-saving and sustainable technologies.