Europe is seeking to reduce its dependence on foreign countries in strategic areas such as pharmaceuticals or semiconductors.
More than a year ago, on March 10, 2020, the day before the WHO recognized the Covid-19 epidemic as a pandemic, the European Commission proposed its industrial strategy. This is the only planned work in the next few years. A series of specific measures. In short, this is to lay the foundation for a more sovereign Europe without pointing out the member states most loyal to its liberal tradition. A few days later, Europe was restricted, its borders were closed, and Brussels reluctantly witnessed the abrupt end of intra-community trade. On Wednesday, May 5, the European executive resumed his clues of action and enriched his copy.
Of course, the problems that existed at that time did not disappear. Regarding the issue of industrial policy, the committee has no authority. In the twenty-seventh committee, it is still difficult to reach a consensus on this issue. However, in the face of a growing crisis in the Chinese industry, American Internet giants and half-mast multilateralism have begun to converge before the crisis. This pandemic plunged Europe into the worst recession in history since the 1929 crisis, which undoubtedly served the interests of supporters of more autonomous and interventionist Europe.
The most important of these is France. Germany and even the Netherlands (traditionally hostile to any form of interventionism) are evolving. Member countries with a liberal tradition, especially the Nordic countries, remain skeptical. Like “small” countries, they worry that industrial policies will primarily serve “big” economies.However, at the summit in October 2020, the heads of state and government finally agreed that the alliance must work hard to equip itself“Strategic autonomy while maintaining an open economy”.
The Covid-19-related crisis has also allowed the Commission to leave its mark on European economic policies, which exceeded all hopes it could achieve in March 2020. In return for the Euro 750 billion in aid provided by the recovery plan, the 27-year-old must indeed commit to spend a large part of this money in order to better serve the ecological (37%) and digital (20%) Prepare for transition. Brussels has a say.
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