Von der Leyen sets out challenges and opportunities for EU in ‘state of the Union’ speech – Europe live
Summary
European Commission President Ursula von der Leyen gave a speech outlining the challenges and opportunities facing the European Union. She highlighted issues like the trade imbalance with China, the need to lower high energy prices through cleaner energy, and the importance of building a more united and independent Europe in a difficult global environment.Key Facts
- The EU has a daily trade deficit of about €1 billion with China, which von der Leyen called unsustainable.
- She warned the EU is facing a second economic shock from China, causing factory closures and loss of industry in Europe.
- The EU plans to use all available tools to rebalance trade relations and diversify critical raw materials sources.
- Energy prices in Europe are too high, hurting industry, so the EU aims to expand affordable, clean energy like renewables and nuclear power.
- Faster connections to renewable energy sources and improved energy market reforms are needed to lower costs.
- The EU’s single market is fragmented and requires reforms for quicker permits, financing, and more investments.
- Von der Leyen warned of threats from anti-European ultranationalists, Russian interference, and disinformation undermining unity.
- She emphasized the need for a strong, united, and independent Europe that controls its own future and stands by its values.
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