In January, the European Commission, the executive body of the European Union, issued its so-called "Competitiveness Compass" to EU lawmakers.
The document calls for, among other things, "revised guidelines for assessing mergers so that innovation, resilience and the investment intensity of competition in certain strategic sectors are given adequate weight in light of the European economy's acute needs."
Meanwhile, last year former European Central Bank President Mario Draghi released a long-awaited report that urged radical reforms to the EU through a new industrial strategy to ensure its competitiveness.