While the European Union is still the world’s third-largest manufacturing power, it’s industry is under immense pressure from China, the United States and the fallout of the Russian invasion of Ukraine. Over the course of the last years, the EU has scrambled to answer the increasing geoeconomic competition through a more active industrial policy. But the current approach creates risks for the future of the Single Market, as highlighted in the Letta Report, and does not provide enough funding to make Europe sufficiently competitive, as shown in the Draghi Report. So which kind of industrial policy is needed at the European level to allow it to continue to play its role? How should a European industrial policy be funded, based on which governance should it operate ? To talk about these questions, we are delighted to welcome Andreas Eisl, Senior Research Fellow in European Economic Policy at the Institut Jacques Delors.