Creation of Common Markets - Priority given to Defense Procurement, Capital, and Energy

a) Establishing a European Capital Markets Union is essential for strengthening Europe’s economic foundation, enhancing access to capital, and mitigating the risk of economic stagnation. There is widespread academic and institutional consensus in favour of this proposal,45 and the EU has already laid the groundwork to bring this to fruition.

b) A common Defense Procurement Market is essential for strengthening the European defense-tech sector, a vital step if Europe is to assume a leadership role in safeguarding freedom and democracy amidst the rising global threats posed by authoritarian regimes.6

c) The development of a Common Energy Market, which integrates diverse energy sources across Europe, is critical not only for sustainability but also for strategic autonomy. The current geopolitical landscape has heightened the urgency for this initiative, catalysing political will to create a robust and independent energy framework.7