What Could a Geoeconomic EU Look Like in 2020? Egmont Security Policy Brief No. 123 February 2020

Gehrke, Tobias (2020) What Could a Geoeconomic EU Look Like in 2020? Egmont Security Policy Brief No. 123 February 2020. [Policy Paper]

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Abstract

The need for the EU to respond and position itself in the deepening geoeconomic competition between the Great Powers has initiated a policy reorientation that is slowly attempting to break down the barriers between economic and security concerns. But how can a more geoeconomic EU ensure an integrated approach to economic, technological and security policy that allows it both to manage new risks and also retain the principles of openness and cooperation? Getting a geoeconomic EU right will require a strategy which defines and operationalises the notion of ‘European economic sovereignty’. This would support the EU and Member States in managing the increasing tension between openness and protection in prospective policy. On that basis, a geoeconomic EU in 2020 could see it reinforcing resilience to economic coercion and strengthening its role in emerging technology-security governance and diplomacy.

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