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Paris Report 2: Europe's Economic Security

COVID-19 and the subsequent supply chain congestion, the wake-up call over the dependency of Europe on Russia for energy, and geopolitical shifts and the increasingly adversarial tone of the US-China relationship have underscored the need for a comprehensive reassessment of the EU's economic security strategy. The second Paris Report examines where Europe is vulnerable and where and how it should de-risk. While the new global geoeconomic map may necessitate an EU pivot towards economic security, this must not become an excuse for protectionism, and it must preserve international cooperation. This requires innovative policy instruments, joint preparedness, contingency planning, and stronger governance mechanisms at both the EU and the international level.

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Pisani-Ferry, J, B Weder Di Mauro and J Zettelmeyer (eds) (2024), ‘Paris Report 2: Europe's Economic Security‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/paris-report-2-europes-economic-security

Citation

Pisani-Ferry, J, B Weder Di Mauro and J Zettelmeyer (2024), ‘How to de-risk: European economic security in a world of interdependence‘, in Pisani-Ferry, J, B Weder Di Mauro and J Zettelmeyer (eds), Paris Report 2: Europe's Economic Security, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/paris-report-2-europes-economic-security

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Kelly, M and K O'Rourke (2024), ‘Industrial policy in the shadow of conflict: Lessons from the past‘, in Pisani-Ferry, J, B Weder Di Mauro and J Zettelmeyer (eds), Paris Report 2: Europe's Economic Security, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/paris-report-2-europes-economic-security

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Mejean, I and P Rousseaux (2024), ‘Identifying European trade dependencies‘, in Pisani-Ferry, J, B Weder Di Mauro and J Zettelmeyer (eds), Paris Report 2: Europe's Economic Security, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/paris-report-2-europes-economic-security

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Baqaee, D, J Hinz, B Moll, M Schularick, F Teti, J Wanner and S Yang (2024), ‘What if? The effects of a hard decoupling from China on the German economy‘, in Pisani-Ferry, J, B Weder Di Mauro and J Zettelmeyer (eds), Paris Report 2: Europe's Economic Security, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/paris-report-2-europes-economic-security

Citation

Bown, C (2024), ‘Trade policy, industrial policy, and the economic security of the European Union‘, in Pisani-Ferry, J, B Weder Di Mauro and J Zettelmeyer (eds), Paris Report 2: Europe's Economic Security, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/paris-report-2-europes-economic-security

Citation

McCaffrey, C and N Poitiers (2024), ‘Instruments of economic security‘, in Pisani-Ferry, J, B Weder Di Mauro and J Zettelmeyer (eds), Paris Report 2: Europe's Economic Security, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/paris-report-2-europes-economic-security

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