Brussels Edition: Soviet-Style Planning
Photo Illustration: Tom Hall/Bloomberg
Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Sign up here to get it in your inbox every weekday morning.
As Soviet as it sounds, the European Union works with five-year plans. This morning, the bloc’s envoys in Brussels begin a three-day marathon session to debate the EU’s strategic agenda for 2019-2024. The five-page draft we’ve seen builds on the platitudes leaders agreed to at their Summit in Romania last month. You would be excused for dismissing it as just another gab-fest if it didn’t feed into discussions for the allocation of the bloc’s next trillion-euro budget — so there’s a lot at stake. Two things stand out in the draft: a fortress-Europe approach to migration and the explicit acknowledgement that climate change is now an “existential threat.”