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EU economic governance in the new geopolitical scenario: a policy agenda

By Giuliano Amato, Franco Bassanini, Claudio De Vincenti, Paolo Guerrieri, Marcello Messori, Pier Carlo Padoan, Riccardo Perissich, and Gian Luigi Tosato

Dedicated to « thinking Europe”, the Institute Jacques Delors presents this Italian reflexion paper on “EU economic governance in the new geopolitical scenario” drafted by a working group of the Astrid Foundation (Associazione per gli Studi e le ricerche sulla Riforma delle Istituzioni Democratiche e sull’innovazione nelle amministrazioni pubbliche), to which Riccardo Perissich, member of our Board, has contributed. The responsibility for what is written in this paper lies solely with its authors.

Recommended citation
Amato G., Bassanini F., De Vincenti C., Guerrieri P., Messori M., Padoan PC., Perissich R. & Tosato GL. 2023. “Eu economic governance in the new geopolitical scenario: a policy agenda”, Other document, Paris: Jacques Delors Institute, May.


In just a few years, the world has changed profoundly; and the process of change is still ongoing especially with regard to the European Union (EU). The pandemic, the acceleration of the climate crisis, the Russian invasion of Ukraine, the threats of nuclear escalation, the energy crisis, the marginalisation of the distinctive rules and institutions of multilateralism, the looming clash of political-economic-military blocs, the associated sharpening of technological competition, and the entering of geopolitical interests on the logic of the market, other economic institutions, and economic policy represent a set of factors that force the EU to radically rethink its institutions, rules and strategies.
In this paper, we will dwell only on issues related to the evolution of the EU’s economic governance and the necessary change in its goods and services production model, although we are aware of the growing interconnections between economic and geopolitical variables.