cepr.org
Addressing Europe’s services dependencies
Recent shifts in the geopolitical order have created an urgent need for Europe to strengthen its strategic autonomy. This column discusses the economic security issues raised by services trade in the EU. These stem from insufficient market integration due to physical infrastructure constraints, regulatory barriers, and inadequate financial support. To tackle these, the authors call for a common industrial policy for services to boost competitiveness. This includes building an effective savings and investment union, coordinated public procurement, and an EU-scale financial services industry, including the digital euro.
