Soaring energy costs are squeezing the bloc’s industry and pushing it further behind global rivals, Pierre Wunsch has warned The EU is “not competitive” against global rivals as high energy costs weigh on the bloc’s industry, Belgian’s central bank governor, Pierre Wunsch, has warned.  In an interview with the Financial Times published on Monday, Wunsch said the EU’s energy‑intensive sectors are under mounting pressure, as the bloc struggles to keep production going amid persistently higher