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Europe’s new balancing act: Searching for stability in an unstable world
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European Commission president Ursula von der Leyen speaking at the Berlin Global Dialogue on Oct 25.
PHOTO: BLOOMBERG
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- Global shifts demand Europe adapts its economic strategy, focusing on industrial policy, capital markets, defence and regulation to ensure stability.
- European Commission president Ursula von der Leyen urges Europe to "de-risk" sensitive areas and secure alternative supplies amid global trade uncertainties.
- Leaders emphasise the necessity for strategic autonomy, with investments in defence and technology, while acknowledging the illusion of complete decoupling.
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BERLIN – Europe’s political and business leaders are grappling with a hard truth: The world’s old guarantees of open trade, cheap energy and US security have eroded, leaving the continent to find its own equilibrium in a time of deep uncertainty.
Whether it is disrupted semiconductor supplies, erratic acts of a US administration or a runaway European regulatory machine, the question now confronting policymakers and executives is how to build stability when predictability itself has vanished.
