Politics
Petteri Orpo: “We need a resilient, competitive and secure Europe” | News
In his “This is Europe” address to the European Parliament, Prime of Minister of Finland Petteri Orpo focussed on three key factors for the coming years. First, strategic competitiveness, which is important as Europe’s productivity is falling behind that of key competitors. To thrive in a global landscape, Europe needs a fully functioning internal market, investments in innovation and skills, and a more effective use of its budget, said Mr Orpo. The EU also needs to conclude new trade deals, he argued.
Secondly, Mr Orpo emphasised the importance of security. This includes ramping up the defence industry so EU and NATO can complement each other, as well as defending the EU’s external borders against Russian hybrid attacks. The economic vitality of border regions is also crucial from a security perspective, said Mr Orpo.
Thirdly, the Prime Minister raised the clean transition as another key priority. To tackle climate change and phase out fossil fuels while creating jobs, the transition needs to leverage the bioeconomy and circular economy. Mr Orpo argued that climate goals should be reached with more innovation, not only more regulation.
Finally, Mr Orpo underlined that supporting Ukraine is a strategic necessity for Europe. Although Russia has shifted to a war economy, it is not invincible, and its military capabilities are limited. Mr Orpo encouraged Europeans to pool their resources to support Ukraine by accelerating ammunition production immediately, by allocating additional funding to the European Peace Facility, and by extending the European Investment Bank’s (EIB) capabilities beyond dual-use projects.
Reactions from MEPs
In their interventions after Prime Minister Orpo’s address, several MEPs praised Finland’s leadership on climate and digital policy as well as on gender equality. They also welcomed the country’s accession to NATO and called on the EU to rise to the challenges linked to external diplomacy and defence.
Others criticised the Finnish centre-right government’s choice of forming a coalition with the far right at home, stressing the dangers this could pose for Europe. Some MEPs also criticised the Finnish PM for policies they said undermine the Finnish labour market as well as social and worker protection.
You can watch the debate here.
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On November 7, Ecumenical Patriarch Bartholomew sent a congratulatory letter to the newly elected US President Donald Trump, wishing him health, strength and success in his upcoming second presidential term.
“Recognizing the enormous responsibilities of such a leadership position, we pray that your decisions will be guided by wisdom and compassion, as well as by the strength necessary to maintain harmony and security in your great and God-protected nation,” noted Patr. Bartholomew:
“The Ecumenical Patriarchate, with its ancient history and its fundamental commitment to dialogue and reconciliation, remains a constant supporter of all efforts to promote peace and understanding between people of different cultures and beliefs. We hope that under your leadership the United States will continue to support the cause of religious freedom and human dignity – values that resonate deeply in the Orthodox Christian tradition and all faith communities,” the congratulatory letter said.
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The last of Russia’s major state-owned banks, which retains access to the SWIFT system for international payments in the world’s major currencies, will become subject to new US sanctions.
The White House is considering blacklisting Gazprombank, the Russian Federation’s third-largest bank by assets, which is a “hub” for gas payments with Europe. As the Nikkei reported, citing officials familiar with the matter, GPB could be subject to blocking sanctions: it would be barred from any transactions with US banks. A decision on sanctions will be made by the end of November – the United States has notified its G7 partners about this, sources told the publication, including high-ranking European officials.
Directly owned by Gazprom with a third and another 40% by its pension fund, Gazprombank is not yet subject to strict Western restrictions: in the United States it is only prohibited from raising capital on the debt market, although its top managers and a subsidiary are subject to blocking sanctions IT company. In the European Union, GPB also avoids blacklists, and only Britain has introduced blockers against the bank.
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