[FR] Euroquestions #63 | Economic security: a new European imperative?
On 20 June, the European Commission will publish a European economic security strategy, which will be discussed by heads of state and government at the European Council meeting on 29 and 30 June. Against a backdrop of growing rivalry between the United States and China, what is the priority for Europeans? Does the European Union share the same analysis of economic risks as the United States? Can we talk about a European ‘de-risking’ doctrine? Should the focus be on strengthening the resilience of their value chains? Or should it also be on limiting technology transfers by extending the scope of export controls and introducing controls on outward investment? What are the guidelines for reducing excessive dependence on a single supplier while continuing to support European prosperity in a tense inflationary environment?
This debate is fairly new within the EU, as economic security is shifting from a taboo subject in an open economy to a decisive factor in national and international policy-making. Is this a decisive step towards greater European strategic autonomy?
We are pleased to welcome Elvire Fabry, senior researcher in trade geopolitics.
