Economic security

European Economic Security Strategy: Balancing openness and security.

The EU’s Economic Security Strategy must be rooted in the principles of openness and competitiveness and strike the right balance between economic and national security objectives. Conducting a thorough assessment of the risks the EU is exposed to is a first necessary step. At a time when companies big and small face many challenges, any policy instrument that imposes restrictions on businesses must be precise, proportionate and predictable, designed through prior consultation with the private sector and only used as a last resort.