| European Economic Security: Current practices and further development
May 2, 2024--Abstract
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| In this in-depth analysis, we discuss the challenges posed by economic security and the approaches to it taken by other large economies. We then analyse the European strategy in this framework.
While the EU has been slower than other large economies to focus on economic security, it has learned from its peers and there has been a notable evolution of European measures in this area. However, challenges remain, in particular with regard to the coordination of measures that are still largely national competencies. Furthermore, more could be done to align incentives for both companies and countries to avoid moral hazard risks. Finally, more progress has to be done to align the foreign policies of EU countries to give credibility to economic security instruments. |
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