European Commission President Ursula von der Leyen has called for a new era of EU integration to counter the impact of a fracturing global economy, particularly in light of Donald Trump's protectionist agenda. Von der Leyen stressed the need for closer collaboration to avoid a global race to the bottom and outlined plans for deeper integration in capital markets, the single market, and energy.
, has called for a new era of EU integration to sustain growth in the face of a global economy “fracturing along new lines” as Donald Trump enters the White House.while the US president prepares to press ahead with his protectionist agenda, the head of the EU executive said the bloc could no longer rely on the approach that has sustained it this century.has relied on the rising tide of global trade to drive its growth.
Von der Leyen said the commission would shortly publish new proposals in three areas – responding to the report it commissioned from the former European Central Bank president Mario Draghi last year about On capital markets, von der Leyen complained that €300bn of EU families’ savings are invested overseas every year.
To tackle this problem, she called for a “savings and investments union”, which would create new investment products for consumers.Get set for the working day – we'll point you to all the business news and analysis you need every morningIn what appeared to be a sideswipe at Trump’s approach, von der Leyen said: “With Europe, what you see is what you get. We play by the rules. Our deals have no strings attached.
EU Integration GLOBAL ECONOMY DONALD TRUMP PROTECTIONISM
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