Charles Michel: Europe should further strengthen its economy

Europe should further strengthen its economy, Former President of the European Council, Charles Michel, stated at the 12th Global Baku Forum, Report informs.

Michel noted that a trade war could be the result of an event that started in the White House:

"Europeans should be more confident than ever before and take steps on this basis. More investment should be made in institutional development, and the economy should be further strengthened. We should work together with the World Trade Organization. Because this way it will be possible to make effective decisions."

He also highlighted that the US plays an important role in Europe's security: "Security for the European Union has been made possible thanks to the large investments the US has made in NATO."

The former European Council president then discussed the history of the EU, emphasizing that Brussels has always placed serious importance on establishing relationships: "If we are going down one path, we need to know that there are interests there and consider that there is no turning back from those interests. Industrial capabilities in Europe should be given to the authority of partners. We should be united as Europe."

Michel further mentioned that European countries should also establish strong relationships outside the union countries: "Relations with Africa, Latin America, and Asia need to be expanded. This would contribute to both the economy and security. The role of regional organizations will increase even more in the future, and we should also strengthen our relationship with them."