EU Industrial Plan Faces Internal Opposition, Delays Likely

The European Union's ambitious plan to revitalize its industrial sector, led by European Commission President Ursula von der Leyen, is facing significant internal opposition, leading to a stalemate. According to Jin10, the proposed 'Industrial Acceleration Act,' a key component of the clean industry agreement, has been criticized by nine policy departments following a week-long consultation. This opposition may result in the third delay of the plan's release, originally scheduled for February 26. The postponement places Brussels in a challenging position as they need to present a coherent strategy to enhance the EU's economic competitiveness at the leaders' summit on March 19-20.