Germany advocates for a "two-speed" European Union to boost resilience and strategic autonomy amid tensions with China.
A core group of six—Germany, France, Poland, Spain, Italy, the Netherlands—aims to move faster than the full 27-member bloc. The goals: reduce dependency on Chinese raw materials and counter global trade fragmentation. The four-point agenda:
1. Advancing The Capital Markets Union: Better financing for businesses, especially startups.
2. Strengthening The International Role Of The Euro: Promote euro as a global currency.
3. Coordinating Defence Investment: Make defence a budget priority for growth and security.
4. Securing Critical Raw Materials: Build resilient supply chains to cut reliance on China.
https://www.theglobeandmail.com/world/article-germany-eu-european-union-economies-bloc-two-speed/
#EU #Germany #Geopolitics #Economy #Defence #RawMaterials #Euro #CapitalMarkets #Trade #China #StrategicAutonomy


