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NEW ECONOMIC AND GEOPOLITICAL RISKS
Risks or Challenges?
Ana PalacioXXXI Reunión del Círculo de Economía
Sitges, 29 de mayo de 2015
New Relevant Actors: MNCs, NGOs, terrorism “New rules or a world without rules”: Russia,
ISIS The rise of informality and the erosion of
rules & institutions: G´s, IFIs Withdrawal of the United States from the
world scene & rise of regional champions What about the EU?
Global Challenges in 2015: The Breakdown of Global
Order?
EU Internal (1/3)
Political Nostalgia: a recurrent multifaceted phenomenon Cohesiveness: national perception of the EU usefulness and
the risk of unravelling – Brexit and Grexit Ambition – both lack and excess
Economic Sustainbility – the need for a new model for growth? Competitiveness: 50-25-7
Legal “An ever closer Union”: Energy Union and Single Digital
Market
EU Internal (2/3)
Digital AgendaTargets:
Better access to consumers and businesses to online goods and services across Europe
Creating the right conditions for digital networks and services to flourish
Maximising the growth potential for our European Digital Economy
What needs to be done? Harmonisation and adaptation of rules on personal data protection,
copyright, online purchasing, EU-VAT, digital innovation, investment and fair competition
Build trust, encourage PMEs and start-ups, affordable parcel delivery, prevent unjustified geo-blocking, cross-border access to digital contents
EU Internal (3/3)
Energy Union
Energy security, solidarity and trust
A fully integrated European energy market
Energy efficiency contributing to moderation of demand
Decarbonising the economyResearch, Innovation and Competitiveness
EU Transatlantic
Atlantic Basin: Economic Potential Bridge to Latin America Untapped Potential in Africa
TTIP Reinforcing Rules-Based Approach Maintaining a European Voice
NATO Filling the Credibility Gap
EU Neighbourhood
The failure of neighbourhood policy: The Mediterranean
Enclaved Economies Demographics/Governance Legal Assistance
The Eastern Partnership Crumbling Economies Repressive Regimes Hollow rule of law
From Risks to Challenges?
As Europeans, our challenge summarizes in taking ownership of the
EU project and making the voice of the EU contribute
to the emerging World Order
US Infrastructure Development
Highlighted Pipeline Reversals and Expansions Accommodating Increased
Domestic and Canadian Supply
“The United States is now the world’s largest producer of petroleum and natural gas. Combined with new clean energy technologies, and improved fuel efficiency, and growth in oil and natural gas production, U.S. energy security is stronger than it has been for over half a century.”
The Quadrennial Energy Review, April 2015
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