European Economic Policy
How can a common European economic policy strengthen the common good for citizens, businesses, and the environment alike? What goals should the European Union pursue as a global economic actor, and what future challenges does it face? How can the single currency area be stabilised in the long term? In our European Economic Policy programme area, we address questions like these and work together to develop recommendations for decision-makers.
For decades, the European Union has been not only a peace project but also the world’s largest common economic area. The introduction of the euro as a common currency is unique and has established itself as one of the most stable currencies worldwide. Yet the EU faces numerous challenges, symbolised by the European Green Deal and the digital transformation.
Current Developments and Policy Guidelines
The most recent EU elections have reshaped the political landscape: While the European People’s Party (EPP) emerged stronger, Social Democrats, Liberals, and Greens suffered losses, and the far right gained significant ground. Ursula von der Leyen was re-elected as President of the Commission, and her policy guidelines for 2024–2029 set important priorities in fiscal and economic policy.
In her latest guidelines, von der Leyen emphasises the need for a new European prosperity plan designed to strengthen Europe’s competitiveness. This includes measures to deepen the single market, promote clean industries, make massive investments in research and innovation, and address skills shortages.
The EU plans to make extensive investments in renewable energy, digital technologies, and industrial decarbonisation to achieve its ambitious climate goals. The Clean Industrial Deal aims to ensure an affordable, sustainable, and secure supply of energy and raw materials. European semiconductor production is also to be further strengthened to reduce dependencies.
The EU is also facing geopolitical tensions, such as Russia’s attack on Ukraine and potential trade conflicts with China. However, these crises also present opportunities to further integrate the single market and shape European economic policy for the future. Economic resilience is to be enhanced through increased cooperation and strategic investments.
Engagement and Participation
If you’re not only interested in forming your own opinion on European economic policy but also want to discuss it with others, you’ve come to the right place! Feel free to reach out to Lukas or Moritz, or simply join one of our programme meetings if you’d like to get actively involved or network with others who share your interests. We look forward to seeing you!
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