New Commission President underlines importance of family businesses

On the 27th of November, in front of the European Parliament, on the occasion of the presentation of the new College of Commissioners and their programmes, the New Commission President, Ursula Von der Leyen, highlighted the importance of family businesses.   

The President of the European Commission, Ursula von der Leyen, said in her inaugural address:
“We should never forget that competitive sustainability has always been at the heart of our social market economy. We just called it differently. Think of the family-owned businesses all across our European Union. They were not built solely on shareholder value or the next bonuses. They were built to last, to pass down generations, to provide a fair living to employees. They were built on passion for quality, tradition and innovation.”

The President’s full speech can be found here.