Our current account is balanced, and our growth has been rather encouraging since the recovery started in the third quarter of 2009. As regards growth and job creation, compared with the US we have more or less the same growth per capita and we created more jobs since 1999. But this is no time for complacency in any respect.
Certain investments delivering EU public goods would be more effectively or efficiently provided at the EU level. There is a strong case to be made that investments in climate change mitigation and energy security  fall into this category given the limited scope for individual action and the cross-border nature of the issue. Panetta (2022), op. cit. 48. Terzi.