EU To Discuss Economic Security Amid Global Tensions

European Union leaders will debate on Friday how their bloc can strengthen its competitiveness, be at the forefront of new green and digital technologies and reduce its reliance on third countries, notably China.

In a letter to leaders before the summit, European Council President Charles Michel said Russia’s invasion of Ukraine in February 2022 had set Europe on a course to reduce its energy dependency and build a more robust economic base.

The Granada summit, he said, would be a time to look forward by defining a strategy to ensure EU’s resilience and competitiveness in a challenging geopolitical environment.

The meeting in Southern Spain will help steer discussions in the coming months on European Commission proposals that could lead to tighter control of exports and outflows of technologies, particularly those that could be put to military use.

REUTERS