The Shifting Economic Landscape in Europe

The current economic model in Europe necessitates a significant transformation due to external challenges, particularly the aftermath of the Ukraine war. President Macron notes that the reliance on low-cost energy from Russia and manufacturing partnerships with China needs reevaluation as these have become risky and unsustainable. The stakes are high as energy prices have surged and competitiveness has been compromised. Consequently, there is an urgent need to develop an integrated energy model that relies on nuclear and renewables to safeguard Europe’s economic stability.