Business & Finance

EU must step up global intervention effort-Juncker

The European Union must step up as a world power, EU chief executive Jean-Claude Juncker said on Wednesday.

He was speaking of U.S. President Donald Trump's retreat from international engagement in his annual

State of the Union address to the European Parliament in Strasbourg.

Juncker, who is entering his final year as president of the European Commission, urged EU states to rein in angry divisions over budgets, immigration and other issues in order to capitalize on a chance to shape the world.

Whenever Europe speaks as one, we can impose our position on others, Juncker said, arguing that a deal he struck in July with Trump to stall a transatlantic tariff war and which won plaudits for the Commission should have come as no surprise.

The geopolitical situation makes this Europe's hour: the time for European sovereignty has come, he said.

Some proposals to strengthen the EU's effectiveness face an uphill battle against member state opposition, notably scrapping national vetoes in some foreign policy areas, such as where economic pressure from the likes of Russia or China on certain EU countries has blocked EU sanctions to defend human rights.

Stronger Euro

Juncker also pushed the idea that the euro should challenge the dollar as the world's leading currency, calling it absurd that the EU pays for most of its energy in the U.S. currency despite buying it mainly from the likes of Russia and the Gulf states. He said airlines should also buy planes priced in euros not dollars.

He renewed calls for states to push ahead in developing an EU defense capability independent of the U.S.-led NATO alliance and to embrace Africa through investment and a sweeping new free trade area � part of a strategy to curb the flow of poor African migrants which has set EU governments at each other's throats and fueled a sharp rise in anti-EU nationalism.

On migration, the idea of a fully federal European Border and Coast Guard, with its own 10,000-strong uniformed force run from Brussels may hit national resistance according to reports.

With an eye on elections next May to the European Parliament, Juncker proposed new vigilance, and penalties, for attempts to manipulate voters.

As the centenary nears of the end of World War One, he recalled how Europeans were taken totally by surprise by its outbreak and urged more respect for the EU as a force for peace against nationalistic poison and deceit.

Brexit

He also spoke of regret at Britain's impending withdrawal from the bloc which will mark his five-year mandate and warned Prime Minister Theresa May that the EU would not compromise its single market to let London pick and choose which rules to obey.

But as negotiators struggle to overcome problems about the future of the land border on the island of Ireland, Juncker also pledged that Britain would remain a very close partner.

Source: Voice of Nigeria