Europe must seize this moment for deeper unity
Martin Sandbu, Financial Times, 08.05.2022
Quotes
May 9 will be celebrated as Victory Day in Russia and as Europe Day in much of the rest of Europe. The coincidence in time between a cult of military victory and a celebration of European peace and unity has long been a little jarring. Today the clash is more sinister, reflecting as it does what is at stake in Ukraine. [...]
And most importantly, the sense that EU countries need to do more (and possibly spend more) together is almost universally shared. The war shows the futility of uncoordinated defence procurement. Energy challenges from fossil imports to electricity pricing can only be solved permanently through more collective action and costly joined-up infrastructure. Required unanimity makes sanctions policy harder.
Whether these are addressed through treaty change or through more active joint policymaking and spending within the current set-up is secondary. Indeed both approaches will produce more results if pursued together, as the EPC points out in a paper. [...]
Read full article here
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