Verfassungsblog (Jul 2023)
Securitizing the Economy
Abstract
In June 2023, the European Commission presented the European Union’s first Economic Security Strategy. Its publication is in itself a Zeitenwende in the EU’s foreign and economic policy, despite undeniable shortcomings, in particular the lack of a clear definition which opens the door for overly protectionist measures under the guise of security concerns. To succeed, however, it is critical to view economic security as a public good which can benefit the EU, its Member States, and its citizens.
