Jean Pisani-Ferry, an editor of the report on Europe’s economic security, discusses Europe's vulnerabilities post-COVID and Ukraine conflict. They explore diversifying supply chains, market deepening, and policy blind spots to enhance economic resilience in Europe.
Europe must focus on resilience in supply chains post-COVID crisis.
Europe should reassess economic security policies to address geopolitical risks and enhance resilience.
Deep dives
New Risks to Europe's Economic Security
Europe's economic security faces new challenges from supply chain vulnerabilities and geopolitical shocks. The recent COVID crisis exposed the vulnerability of supply chains, leading to a focus on resilience. Geopolitical risks from countries like Russia and China, as seen in events involving Ukraine and Lithuania, emphasize the need for Europe to reassess its economic security.
Implications of Inadequate Risk Management
Inadequate risk management poses potential threats to Europe's economic stability. With uncertainties like the prospect of a second Trump presidency and the need to address financial stability risks, Europe must consider the impacts on GDP and efficiency when de-risking its economy.
Enhancing Resilience and Policy Initiatives
To mitigate risks, Europe must enhance its resilience and policy initiatives. Strategies such as diversifying suppliers, identifying vulnerabilities, and deepening the single market are essential. Despite existing policy and regulatory initiatives, there are still blind spots, particularly concerning export preparedness and anti-coercion measures.
Where is Europe’s economy vulnerable, and how can it manage that risk? A new joint report from CEPR and Bruegel investigates the challenges to economic security for Europe in the face of recent supply chain vulnerabilities and geopolitical shocks. Jean Pisani-Ferry is one of the editors of the report, and he talks to Tim Phillips about what has changed for Europe, and how we should respond.
EUROPE’S ECONOMIC SECURITY, Paris Report 2. Editors Jean Pisani-Ferry, Beatrice Weder di Mauro, and Jeromin Zettelmeyer.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode