State of the Union address: the guidelines to face the crisis in Europe

State of the Union address: the guidelines to face the crisis in Europe

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The President of the European Commission, Ursula von der Leyen, delivered her annual State of the Union address to the European Parliament. Von der Leyen highlighted an imminent “deep reform” of the European energy market to deal with rising energy prices due to the shortage of Russian gas. She also reiterated the EU’s commitment to Ukraine and even, at the end of the session, she traveled to kyiv to meet with Ukrainian President Volodymyr Zelensky.

The cold is coming in Europe and energy prices continue to skyrocket as a result of the Russian invasion of Ukraine. To get through the winter, the European Union plans certain changes in the community electricity market: rationing energy consumption, temporary aid, separating gas prices from electricity prices or limiting the benefits of electricity companies.

In his speech before Parliament, Von der Leyen assured that the European Union is turning to “reliable suppliers” such as the United States, Norway and Algeria. He also declared that in the long term Brussels wants to base its consumption on renewable energies and announced the creation of a new bank to stimulate investment in hydrogen as a green alternative, words that come after the UN criticized the Union for seeking new fossil fuels such as response to the Russian gas restriction, a position “dire for the climate” according to the United Nations.

We analyze the details of the speech of the state of the European Union from the hand of our guests:

– Ildikó Szegedy-Maszák, PhD, director of the Master’s in Economic Law at the Pontificia Universidad Javeriana.

– Luis Antonio Huacuja, director of the Study Program on the EU in the Postgraduate Program at UNAM and international analyst.

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Written by Editor TLN

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