2025 (Scenario 5, White Paper on the future of Europe)
Description
On the international scene, Europe speaks and acts as one in trade and is represented by one seat in most international fora.
The European Parliament has the final say on international trade agreements.
Defence and security are prioritised. In full complementarity with NATO, a European Defence Union is created. Cooperation in security matters is routine. The EU27 continues to lead the global fight against climate change and strengthens its role as the world’s largest humanitarian and development aid donor.
The EU’s broad-ranging foreign policy leads it to reinforce its joint approach on migration. Closer partnerships and increased investment in Europe’s neighbourhood and beyond help to create economic opportunities, manage regular migration and tackle irregular channels.
Within the EU27, there is a strong focus and ambition to complete the single market in the field of energy, digital and services.
Thanks to joint investment in innovation and research, several European “Silicon Valleys” emerge to host clusters of venture capitalists, start-ups, large companies and research centers. Fully integrated capital markets help mobilise finance for SMEs and major infrastructure projects across the EU.
Within the euro area, but also for those Member States wishing to join, there is much greater coordination on fiscal, social and taxation matters, as well as European supervision of financial services. Additional EU financial support is made available to boost economic development and respond to shocks at regional, sectoral and national level.
The European Parliament has the final say on international trade agreements.
Defence and security are prioritised. In full complementarity with NATO, a European Defence Union is created. Cooperation in security matters is routine. The EU27 continues to lead the global fight against climate change and strengthens its role as the world’s largest humanitarian and development aid donor.
The EU’s broad-ranging foreign policy leads it to reinforce its joint approach on migration. Closer partnerships and increased investment in Europe’s neighbourhood and beyond help to create economic opportunities, manage regular migration and tackle irregular channels.
Within the EU27, there is a strong focus and ambition to complete the single market in the field of energy, digital and services.
Thanks to joint investment in innovation and research, several European “Silicon Valleys” emerge to host clusters of venture capitalists, start-ups, large companies and research centers. Fully integrated capital markets help mobilise finance for SMEs and major infrastructure projects across the EU.
Within the euro area, but also for those Member States wishing to join, there is much greater coordination on fiscal, social and taxation matters, as well as European supervision of financial services. Additional EU financial support is made available to boost economic development and respond to shocks at regional, sectoral and national level.
Importance
High