Brussels: In a significant address at the European Parliament Plenary, European Commission President Ursula von der Leyen outlined the strategic direction for the European Union as it navigates a new era marked by intense geostrategic competition. Joined by President Ant³nio Costa of the European Council, von der Leyen emphasized the need for Europe to adapt to changing global dynamics while upholding its core values. The speech highlighted the importance of economic strength and innovation in maintaining Europe’s influence on the world stage.
According to Cyprus News Agency, President von der Leyen underscored the necessity for Europe to focus on three key objectives: closing the innovation gap, advancing decarbonization alongside competitiveness, and bolstering economic resilience and security. Acknowledging the challenges posed by low investment and slow adoption of digital technologies, she announced plans to improve coordination between European and Member States’ efforts in strategic areas such as AI and biotechnologies. The introduction of a European Savings and Investment Union aims to facilitate the seamless flow of investment and support start-ups.
Energy prices were another focal point of the speech, with von der Leyen addressing the disparity in energy costs within Europe compared to the United States and China. She called for continued diversification of energy supplies and investment in clean energy technologies. The upcoming affordable energy plan is anticipated to tackle these issues and enhance the continent’s energy independence.
The third pillar of von der Leyen’s strategy involves securing access to raw materials and vital supply chains. Recent partnership agreements with countries like Mercosur, Mexico, and Switzerland, along with renewed negotiations with Malaysia, reflect Europe’s efforts to expand its network of partnerships and ensure economic security. These agreements are part of a broader strategy to respond to global competition by fostering cooperation with international partners, including the United States.
The European Commission’s commitment to these strategic priorities will be critical as it seeks to navigate the complexities of the global landscape and reinforce Europe’s economic and political standing.