The EU’s Geo-economic Revolution
Although Europeans have shown unity and decisiveness in countering Russian aggression in Ukraine, more needs to be done to adapt to the new geo-economic order, suggests Jonathan Hackenbroich in his commentary for the European Council on Foreign Relations. The union’s response to Russian aggression does not separate finance from trade or even military affairs. This requires the union’s institutional, strategic analysis, and policy architecture to become more integrated. The author suggests that the EU should create an Economic Security office at a high level in the Commission, one that is in close contact with the European Council and National Security Councils in member states. As this needs to be reflected in the structure of the EU’s strategic institutions, the office could bring together experts from all fields to shape its economic statecraft.