How the EU Wants to Support Border Areas in the East
The EU is proposing a strategy to boost stagnating border areas in Finland, Poland, and the Baltics due to the impact of the war in Ukraine.
The European Commission is presenting a strategy aimed at revitalizing the border regions of Finland, Poland, and the Baltic countries that have suffered from diminishing trade, reduced tourism, and demographic shifts since the outbreak of the war in Ukraine. Raffaele Fitto, the EU's Commissioner for Regional Policy, highlighted the stark contrast in these areas before and after the war's onset, indicating a pressing need for support to bolster security and enhance local economies. The initiative emerges from concerns over depopulation along the EU's eastern flank, which could complicate defense efforts against external threats.
Despite the urgency of the situation, the new plan does not allocate additional funds due to the constraints of the long-term budget set to expire in 2028. Instead, Fitto emphasized the importance of leveraging global financial institutions, including the European Investment Bank, through a new platform named Estinvest, aimed at mobilizing investments in these strategic regions. This approach highlights the EU's commitment to economic resilience and stability in the face of ongoing geopolitical challenges, encouraging collaboration with various stakeholders to address the needs of these vulnerable communities.
Furthermore, supporting these border areas is crucial not only for the local population's safety and livelihoods but also for the overall integrity and security of the European Union. As these regions face ongoing pressures from external conflicts and internal demographic shifts, the EU's proactive strategy could serve as a model for addressing similar issues across its member states, fostering a sense of solidarity and collective responsibility in challenging times.