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Leaders Meet To Discuss 5-Yr Strategic Plan
Following the meeting of the European Political Community in Granada, Spain on 5 Oct, European Union leaders hold discussions there today on the Union's five-year agenda. The Spanish presidency of the Council of the European Union has sought to present the idea of “open strategic autonomy” as a major theme. This 'strategic autonomy' has been raised in the past by France with regard to Europe's defence in the face of a US potentially less inclined to financially prop up NATO, but by Spain is referring largely to ensuring broad trade and investment links while reducing EU vulnerabilities.
- Politico reports some sections of the draft communique from EU leaders: "...we will strengthen our position as an industrial, technological and commercial powerhouse, putting a special focus on areas of high added value where we already have a competitive edge or can become a frontrunner.”, then adding "What this really means: Spain’s big push for open strategic autonomy is about providing a liberal-friendly alternative to (French) protectionist tendencies."
- A post-meeting presser set to take place at around 1445CET (0845ET, 1345BST). Livestream will be available here.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.