Listen to the audio model of the article
No to the return of Europe of countries and to financial safety which might solely hurt competitors. Instead, we have to work to cease each the usage of jobs and subsidies and the usage of weapons to unravel geopolitical issues that ought to as a substitute be solved via higher use of diplomacy and negotiations. And then the hope that Europe, and particularly Italy, due to the Mattei Plan created by the Government, can flip their consideration to Africa, “which could possibly be the subsequent frontier of the financial growth of the EU” and the mandatory “widespread tasks”, carried out with out the intention of assault.
These, in brief, are the photographs of Emma Marcegaglia, president and CEO of Marcegaglia Holding and chairman of B7, throughout the Trento Economics Festival, the place she participated by talking on the subject of Common Platform for Western Economies.
A extra built-in Europe
«I hope – stated Marcegaglia, speaking in regards to the upcoming European elections – that the brand new EU Commission doesn’t proceed with the ideological strategy used up to now to cope with the difficulty of energy switch; however I’ll go additional, as an example additional: I hope that the concept of having a small Europe won’t succeed within the EU. On the opposite, what, in my view, is required is the higher integration of Europe. We should resolve collectively on important uncooked supplies, we’ve to resolve collectively on a distinct power coverage, we’ve to create a serious market union. It makes me very afraid that it’ll win the Parliament or the international locations that say {that a} small Europe is critical. We are between two giants, the USA and China, combating a commerce warfare and, if we do not have no less than a European model, we’re useless. I hope that the concept of a Europe of countries won’t succeed. “
With the hope of a extra united EU, from a political and financial perspective, Marcegaglia additionally centered on the difficulty of protectionist measures which can be changing into increasingly more highly effective world wide. «Protection – he emphasised – doesn’t result in the event of competitors. Today there’s a large hole between the USA and Europe concerning the difficulty of jobs, and we see it within the G7 Stresa. On the topic of worldwide commerce we aren’t naive, we can’t think about that we nonetheless have international cooperation as within the 2000s Today, with epidemics, wars and conflicts, we’ve a damaged world and the watchwords are financial safety, independence and redistribution. All that is apparent; however we have to be cautious that it doesn’t flip into protectionism, which might be towards our pursuits. And this is among the principal messages of B7. “
Weapons and jobs
Examining the subject of the financial problem between the East and the West, which is more and more on the agenda, and concerning the transition of energy, Marcegaglia confirmed the necessity to refine political weapons, which right this moment appear extra ambiguous than earlier than. «It is obvious – he stated – that China could be very removed from electrical vehicles, panels and batteries, perhaps due to the blindness of Europe and the USA. There is extra capability in China and there’s a physique of assist for Chinese corporations. But if we put costs, regardless, on all these applied sciences, what is going to occur is that China will reply with extra tariffs. We should concentrate on this logic, which now not needs to speak on the international degree. Now we do not sit down and speak anymore. I might recommend, as a substitute, that we attempt to sit on the desk once more and I hope that some pondering on this sense will probably be performed within the G7. In brief, I hope that widespread factors could be discovered among the many G7 international locations. Because this ongoing race for arms, jobs and funding could be very troubling.”