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July 2024
Dear Readers,
As we navigate the latest developments shaping global affairs, including a series of election results, our newsletter brings you insightful analyses on a range of critical topics:
Explore how recent discussions at the G7 Summit have focused on enhancing support for Ukraine, bolstering Africa's economic ties, and addressing challenges posed by China's economic influence.
Learn about the EU's response to China's subsidized electric vehicle exports, including the implementation of tariffs aimed at safeguarding local production and managing trade dependencies.
Find out why cities play a pivotal role in driving the EU's single market growth strategy, with a focus on enhancing infrastructure, fostering economic cohesion, and promoting sustainable urban development.
Gain insights into the outcomes and implications of the 2024 European elections, including shifts in political dynamics and their potential impact on EU policies and relations.
Delve into the voting behaviour of young Europeans and their aspirations for shaping the EU's future, highlighting key issues like climate action and citizenship rights.
Explore the discussions and innovative solutions presented at the recent State of The Union conference, addressing critical challenges facing the EU ahead of the upcoming European Parliament elections.
Take a deeper look the evolving landscape of European Cohesion Policy amidst new global priorities, fiscal constraints, and regional disparities across the EU.
Understand the potential for transformative green energy cooperation between the EU and its Southern Neighbourhood, shaping political, trade, and socio-economic interactions.
We hope these articles provide valuable insights into current affairs and stimulate meaningful discussions about the future of Europe.
With warm wishes,
Malte Zabel
Co-Director
Europe’s Future Program
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G7 Summit: Strengthening Geopolitical Influence Amid Challenges
The 50th G7 summit focused on key issues like climate change, migration, AI, energy, and economic security. Leaders committed to long-term support for Ukraine, enhancing Africa's economic partnerships, and improving supply chain resilience. The G7 aims to assert its values and interests despite declining economic power.
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EU's Electric Vehicle Tariffs: The "Made in China" Dilemma
China's state-subsidized electric vehicle (EV) exports to the EU pose challenges by creating market distortions and dependencies. The EU has responded with provisional tariffs up to 38.1%, effective July 2024. To boost local production, additional measures like tax relief and R&D support are needed. China may retaliate, potentially targeting EU agriculture and car exports.
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Why Cities Are Key to Boosting EU’s Single Market Growth
As the EU faces economic challenges, enhancing the single market is vital. While manufacturing has spread benefits to poorer regions, services trade is clustering in affluent cities. A city-led strategy focusing on improved transport, increased density, and energy efficiency can drive growth and cohesion.
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European Election Results 2024: The Centre Holds
The 2024 European elections saw far-right gains. Despite the centre-right EPP and centre-left S&D maintaining support, far-right influence challenges economic security, trade, industrial policy and external relations. This could herald shifts towards austerity and restrictive migration policies, and away from green investments.
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Youth Vote in Europe: Potential and Participation Gaps
Young Europeans, particularly those aged 16-25, show strong pro-European sentiment but vote less frequently than older generations, indicating a participation gap. Despite facing multiple crises, the EU remains a preferred status quo for many young voters. Prioritizing issues like citizens' rights and climate change, they seek more influence in shaping the EU's future.
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State of The Union 2024: EU Challenges and Future Insights
The 14th State of The Union conference in Florence addressed key EU issues like green energy, internal market competitiveness, and Ukraine's reconstruction. The Bertelsmann Stiftung was involved as a supporting partner with several events. Discussions emphasized the need for innovative solutions ahead of the European Parliament elections.
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Navigating the Future of European Cohesion Policy
European Cohesion Policy faces scrutiny over its relevance amid new global priorities and fiscal constraints. Challenges include balancing short-term crisis responses with long-term goals, addressing past disparities while preventing new ones, and allocating funds equitably among regions. Future policy must focus on precise goals, enhance fund absorption, and integrate with other policies.
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EU-Southern Neighbourhood: Green Energy Cooperation
Economic, social and political relations between Europe and its Southern Neighbourhood are important, but especially green energy partnerships have the potential to bring myriad new benefits for all stakeholders. By redefining relationships through equitable green energy cooperation, the EU and its Southern Neighbourhood can transform their political, trade and socio-economic interactions.
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In the next edition
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You’ll receive analysis of the UK elections, as well as a look at the NATO Summit in Washington, DC.
To keep abreast of our work, please keep an eye on our blog: globaleurope.eu
Or follow us on social media: http://twitter.com/GED_Tweet
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