the business easier for our companies. the 1st has to do with our labor market. we have not forgotten the early days of the global 10 times, when every one predicted a new wave of 1930 style mos unemployment. but we define this prediction with sure. the 1st f r 0 p, in short time work initiative. we saved 14000000 jobs. this is and was europe social market economy in action, and i think we can be proud of it. we then immediately we started our economic engine. thanks the next generation issue. and today we see the results. europe is close to full employment instead of millions of people looking for jobs, millions of jobs. so looking for people leave on skill shortages are reaching

records levels, both c and across all major economies. 74 percent of as a means of saying they are facing skill shortages in the peak of the toys sees of restaurants and bars. and europe are reducing their hours because they cannot find the staff. they need hospitals or postponing treatments because lack of nurses and doctors and 2 sets of european companies are looking for i to specialist to search at the same time, millions of parents, mostly mothers, are struggling to reconcile work and family because there is no appropriate childcare. and 8000000 young people are neither in employment nor in education, nor in training a to 1000000 the dreams put on hold their lives on stand by. this is not only the cause of so much personal distress. so it is also one of the most significant

bottlenecks of our competitiveness. because labor shortages hamper the capacity for innovation growth and prosperity. so we need to improve access to the labor market. most importantly for young people, for women. and we need qualified to migration. in addition, we need to respond to the, the product, shift in technology, society and democracy. and for that we should rely on the expertise of business and trade unions, our collective bargaining partners. it is almost 40 years ago since the law convened the vital distress meeting that saw the best of european social dialogue. since then,

social partners have shaped the union of today and showing progress and prosperity for millions and as the world around change as possible, never social practice must again be at the heart of the future. together we must focus on the challenges facing the labor market from skills and label shortages to new challenges like a i. this is why, together with a belgian presidency. next year we will convene the news social partners summit, once again at visors chase. the future of europe will be built with and by the social partners. this is our task, the, the 2nd major economic challenge, persistence, high inflation, putting the golden through european central bank bank. i'm working hard to keep inflation on the control. we know that returning to the bes medium term target will

take some time. the good news is that yellow has started bringing energy prices down. we have not forgotten. 14 is deliberate use of gas as a weapon and how it's triggered fears of blackout and an energy crisis like in the seventy's. many saw it. we would not make it to the winter because of lack of energy, but we made it. we made it because we stayed united, pulling our demand and buying energy together. and at the same time and different to the seventy's, we use this crisis to massively invest and renewable energy and foss. check the clean transition we use do ups, critical mass to bring prices down and secure our supply. just take this, the price for gas in europe was over $300.00 euros

a megawatt hour one year ago. it is now around $35300.00 to day $35.00. so we need to look at how we can replicate this model of power purchasing power at the market model of success also in other fields like critical raw materials and for example, clean hydro cheap. the search challenge of european companies is about making it easier to do business. small companies do not have the capacity to cope with complex administration. all that held back by lang c process sees this often means they do less with the time they have and that they miss out on opportunities to grow. this is why. before the end of the year,

we will appoint an e u. s and e n voice reporting directly to me of the we want to hear directly from smaller, medium enterprises, about the everyday challenges. for every new piece of legislation. we conduct a competitive nest check by an independent fort. and next month, we will make the 1st legislative proposal to us reducing reporting obligations at the european level by 25 percent on other members. let's be frank. these will not be easy. and we will need your support because this is a common endeavor for all european institutions. so we also have to work with

member states to match the 25 percent off reduction. also at national level. i think it's time to make business easier in europe. the but to a team companies also need access to key technologies to innovate, to develop a plan effective basis, a question of your pin supper entity. at the latest underlined invest site, it is an economic of national security imperative to a piece of a european edge on critical end emerging technologies. this european industrial policy also requires common european funding. and this is why as part of our proposal for review of all budget, we proposed the step platform with step we can boost

leverage and steer you funds to invest in everything from micro electronics to quantum computing. and a i from biotech to clean tech, to our companies need this support now. so i urge for a quick agreement on our budget proposal and i know i can count on this house and there's more when it comes to competitiveness. we have seen we'll bottlenecks along global supply chains including because of the deliberate policies of other countries. just think about china export restrictions on gallium and gut monument, which i essentially feel goods like semi conduct us in solar panels. this shows why it is so important for you up to step up on a comic security the risk and not the company. and i'm very proud that this concept has found brought support from key partners from australia to japan and the

united states. and many other countries around the world want to work together many overly dependent on a single supplier for critical raw materials. others from latin america to africa, one to develop rightly so, low co value chains, local industries for processing and finance and refining. instead of just shipping that resources abroad, this is why late took this year. we will convene the 1st meeting of our critical role materials club. at the same time, we will continue to drive open and fetch, right? so, so we have computed new free trade agreements with sheila was new zealand was kenya . we showed aim to complete deals with australia, mexico, and macro. so by the end of this year and soon the after with engine indonesia,

i think smart trade delivers good jobs and prosperity, the honor, the members this we challenges, labor inflation and business environment come at the time when we are also asking industry to lead on the clean transition. so we need to look further ahead and set out how we remain competitive as we do that. and that is why i have off mario, doggie, one of your great economic mines to prepare a report on the future of european competitiveness. because europe will do what ever it takes to people. it's competitive edge, the

now when it comes to making business and life easier, we have seen how important digital technology is. it is telling that we have far over shot the 20 percent investment target and digital projects. in next generation e. u. member states have use that investment to digitize the health care system, justice system transport network. that the same time you are pin select on managing the risks of the digital world. the internet was born as an instrument of for sharing knowledge, opening minds, connecting people's people. it still is, but it has also given life to serious challenges this information spread of harmful content. we go to the privacy of our data, all of this,

let's to a lack of trust and sometimes a breach of fundamental rights of people in response to europe has become the global pioneers of citizens rights and the digital world, the dsa, mt. a. me a, creating a say for digital space with fundamental rights are protected and they're ensuring fairness and clear responsibility for big tech. this is an historic achievement, and i think we should be proud of it. the same should be true faulty official, intelligent. it will improve without any question. health care boost productivity address, climate change we need. but we also should not on the estimate, the real threats coming from a i mostly jenae, i hundreds of leading a developers ex academics and experts want recently in the following words. and i

quote, mitigating the risk of extinction from a i should be a global priority along side of the societal scale risks such as pandemic and nuclear war. and of quote, a is a general technology that is accessible, powerful and adaptable for vast range of uses. both civilian and military and it is moving fast. so then even it's developers anticipate. so we have a narrow wing window of opportunity to guide this technology responsibly. and i believe europe together with partners shortly the way on a new global framework on a i build on 3 pillars, godrays,

governance and guiding innovation. first, godrays our number one priority is to ensure a i develops in a human centric, transparent, and responsible way. and this is why my political guidelines, i committed to setting out a legislative approach the 1st 100 days. you remember we put the full with the a i x, the world 1st compare problem prehensile pro innovation a law. and i want to think this house and the council for the title is work on this ground breaking law are a i act is already a blueprint for the whole work. we must now focus on the top top king the rules as soon as possible and turned to implementation. the 2nd follows governance. we're now laying the foundation for a single governance system in europe. but we should also join forces with all parts

us to insure a below the approach to understanding the impact of a i on our societies. now, think about the in valuable contribution of the i p c. c for climate. this is a global panel that provides the late to science to policy makers. i believe we need a similar body for a i on the risk and on its benefits for too many to yes with scientist but also tech companies, an independent experts all around the world. this will allow us to develop a fast and globally co ordinated response. a building on the work done by the who rush him up process and us. and the 3rd pillar is guiding innovation in a responsible way. thanks to our investment of the last 2 years, europe has now become

a leader in supercomputing. with 3 out of the 5 most powerful super computers in the world. so we need to capitalize on that. and this is why i kind of bounce today and you initiative to open up our high performance computers to a i startups that gives them the opportunity to train the models, but in a responsible way. but this will only be one part of our work to guide innovation . what we need is an open dialogue with those that develop and deploy a i, this dialogue happens already in the united states. as you know, 7 major tech companies have already agreed to run on cherry rules around safety, security, and trust. it happens here where we will work on a company's with a companies so that they've voluntarily committed to the principles of the act before it enters into force because we cannot lose time anymore. so now we should

bring all of this work together towards minimum below both standards for safe and ethical use of a i our people deserve it. the one of the members went us to, to you 4 years ago. i said that if we are united in the inside, nobody will divide us from the outside. and this was the thinking behind the geo political commission. our team, your up approach has enabled us to be more strategic, more so different, more united, and that is more important than ever of our had leads when we see the diva stating loss of life and libya and morocco after the violence slots and earthquake, europe will always stand ready to support in any way we can

all think about this, the head of region, one of the poorest. yes. yet fastest growing demographically, the succession of military coups will make the region more unstable. 4 years ahead . russia is both influencing and benefiting from the crisis. and the reason has become for tile round to the rise of terrorism. this is of direct concern for europe, for security and all prosperity. so we need to show the same unity of purpose to west africa as we have shown towards ukraine. this is a must. we need to focus on corporation was legitimate governments of regional organizations. we need to develop a mutually beneficial partnership, which focuses on common issues for europe and africa. and this is why together with

h of the people, then we will work on a new strategic approach to take forward at the new net at the next e u. a u summit on of a members histories on the move. russia is waging a full scale war against the founding principles of the un charter. this has raised immense concerns in countries from central asia to the in the pacific. they're worried that in the law less world, they might face the same fate as ukraine. we see a clear thames by some to return to blocks thinking, trying to isolate an inference countries in between. and it comes at a time. when there is a deeper, i'm used by many emerging economies about the way institutions and globalization

work for them. these concerns all digital these emerging economies with its people are natural assets, are essential allies in building a cleaner, safer, and more prosperous world. so europe will always work with them to reform and improve the international system. we want to lead efforts to make the rules based florida farrah and to make distribution more equal. this will also mean working with new and old practice to deepen our connections and hear europe offer with global gateway is unique global gateways more transparent, more sustainable and more economically attractive. just last week, when i wasn't getting we signed, i think the most ambitious project, a fall generation at the in the middle east, europe, economic,

colorado. it will be the most direct connection to days between india, the arabian vote gulf and europe with a re, a link that will make trade between india and 2 or 40 percent foster with an electricity cable lender clean hydrogen pipeline to foster clean energy trade between asia the middle east and europe, and with the highest speed data cable to link some of the most and number to digital equal systems in the world. and great business opportunities all along the way. i are. these are state of the art connections for the world of tomorrow, foster shore to clean a. we need more often and global gateways making the real difference. i've seen it the legend america,

southeast asians, across africa from building a local hydrogen economy was not me be on kenya to the digital economy with the philippines. these are investments in our partners, economies, and their investment in europe, prosperity, and security, and a fast changing world. many times and maturity. pretty. the ladies shotzel, the conflict every day that we see much of that conflict in us, that'd be the climate change. and the dentist ability to shift off pushing people to seek refuge elsewhere. just to show you left, i have always had a steadfast conviction that migration needs to be managed select. next, you see the laptops to beads in durance. these are found are long, duly a patient work together with our key part to show the meaning of the purple. it requires unity with the union is paid to normal box and this is the spirit in which

the new pact on the migration assignment has been established. went onto a conference site, you have one of the components that didn't seem to be any possible compromise. it could be for you, but with this practice we managed to strike a new balance. i'll pull up context between protecting boarders who takes you on the pass and protecting people who brought anything between suffering and solidarity on particularly between security money. and she managed to do that really quick. yeah, 20 is at the moment. we listen to, oh, so member studies just to make out what we focused on the more grocery ripped back and we translated the series and on the packed into practical. so the people we look for a lot that a bleeding resolution in responding to the hyper to turn it back to the rest of us . you launched against us and we work closely with partners in the west and both rooms and reduced irregular florida. i'm a senior,

how big that to needs and we signed a partnership with the box to double taj route to in or the week is bringing neutral benefits beyond the migration office unit education, energy skills and security, not to me. and by you. we now want to work on similar agreements with other companies. we have a also see left will take soon. we have bolstered border protection. these that you all select in or told them all to the european or agencies of deepens that cooperation with member stations will allow me to think in particular, you know, whole macbook area and remain. you know what i'm having on the phone showing the way gone by and showcasing best practices on both asylum and return to that they have approved for both area and romania, all part of our shining areas. let us find me, bring them in without any move to my the

medium to meet you and that's it. for the ladies and gentlemen, i work on migration is based on the conviction that unity is definitely within the 3 guys. i made an agreement on the pact has never been so close the cafe all them, and i am a counsel ma'am, have a historical opportunity to get this part of it. the other shudder that europe can manage migration effectively. and with the compression, let us get this worked on the phone number name was we know that migration requires constant work, and nowhere is that more vital then in the fight against human smugglers. they attract best with people with lice and put them on the deadly routes across the

desert or on boats that are on fitful to see the way the smokeless upright is continuously evolving. but our legislation is over 20 years old and need some version update or so we need new legislation and a new govern instruction. we need strong law enforcement prosecution and a more prominent role for our agency. 0 poll your just in front techs. and we need to work with our partners to tackle this global plate of human trafficking. and this is why the commission will organize an international conference on fighting people smuggling. it is time to put an end to this column and criminal business. the honorable members on the day when

russian tanks cross the border into ukraine, a young ukrainian mother set off for park to bring her child to safety. when the chick florida official stem took passport, she started to cry. her son didn't understand. and he asked his mother why she was crying. she answered because we are at home. but this is not ukraine. he said. so she explained this, you are on that days that ukrainian mother felt that europe was her home because home i see she said is where we trust each other and the people of ukraine could trust the fellow europeans.

her name was victoria melina. she was one of the great young writers of for generation and a tireless activist for justice. once the sun was safe, victoria returned to ukraine to document russia's war crimes. a one year later, she was killed by a russian with a listing miss. so while having dinner with other right took relief. she was the victim of a russian war crime. one of the countess attacks against innocent civilians. many now what's with 3 friends that day? including hector a bought a fellow right to from columbia. he's part of

a campaign called cub one, tell carolina resist. ukraine created to tell latin americans of russia's war of aggression and attacks on civilians. but hector could never imagine becoming the target himself. afterwards he said he did not know why he lived and she died. but now he is telling the world about victoria to save her memory and to end this war. and i am honored to the tech toys with us here today. i want to thank you, hector. i want to thank you and i want you to know that we will keep the memory of victoria and all of the victims alive of one to ukraine of the

for the honor remembers we will be at your pines crane side every step of the way far as long as it takes since the start of the war for 1000000 ukrainians have phones with huge in our union. and i want to say to them that they are as

well come now.