There is a saying in Brussels: in a legislative term, you spend the first year thinking about what you want to do, the second year announcing it, and the third to fifth years actually doing it.

By that logic, this is von der Leyen’s last real window to unveil big initiatives she might still see through before she leaves office. So, what made the cut, and what won’t? Let’s dive in.

Three tipping points are shaping von der Leyen’s speech: climate change turning from forecast to lived reality after devastating wildfires and heatwaves, AI technology moving faster than anticipated, and the industrial competitiveness drive intertwined with relations…

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