Feb 12 β€’ 10:44 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

Kallas: The European economy must become stronger

EU foreign policy chief Kaja Kallas emphasized the need to strengthen the economic power of the bloc ahead of an informal summit.

Kaja Kallas, the EU's foreign policy chief, has stressed the importance of enhancing the economic strength of the European Union, especially in light of the upcoming informal summit. She highlighted a crucial point about the relationship between geopolitical power and economic strength, asserting that to be recognized as a geopolitical force, a country or bloc must either possess strong economic or military capabilities. As the EU is currently regarded as a strong economic entity, Kallas believes it needs to further bolster its position to navigate global challenges effectively.

In her comments, Kallas strongly advocated for free trade, opposing protectionist measures that could hinder the EU's companies in the long term. She noted that free access to export markets is vital for the growth and competitiveness of European businesses. Her stance indicates a clear preference for an open market approach, which is becoming increasingly important in a world where economic dynamics are rapidly changing.

Additionally, Kallas pointed to the need to confront coercive economic practices from China that have adversely affected EU companies. This assertion underlines a growing awareness and concern within the EU regarding the influence of external economic forces that could undermine the bloc’s interests. Addressing these practices is essential for maintaining the integrity of the European single market and ensuring that its companies can compete on a level playing field.

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