The landmark Draghi and Letta reports on competition and the single market last year hammered home a key message — the European Union is falling behind the United States on economic growth, as the world changes and China rapidly catches up. These snapshots of relative decline were an urgent call to action. A year on, competitiveness now sits with defence and security at the top of the European Commission’s policy agenda. Both subjects were up for discussion when The Currency linked up with Commissioner Michael McGrath in Brussels via Zoom early on Tuesday, the day Ukrainian President Volodymyr Zelenskyy arrived…

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