LISBON: Leaders of seven southern European Union nations meet in Lisbon on Saturday to forge a common approach to deal with Britain’s looming exit from the bloc and the new protectionist administration of US President Donald Trump. The mostly centre-left leaders taking part in the gathering — the second by southern EU leaders in four months — are also expected to renew their push for action to boost flagging growth in the EU and tackle the ongoing migrant crisis.
Faced with the rise of “protectionism and populism”, the EU needs urgent reforms to “surpass the economic, social and political legitimacy crisis which is weakening it,” Portuguese Prime Minister Antonio Costa, the summit’s host, said on Tuesday.
French President Francois Hollande and Italian Prime Minister Paolo Gentiloni are scheduled to take part in the talks, which were due to start later. Also holding court are the leaders of Spain, Greece, Cyprus and Malta.
The leaders will issue a joint statement after the meeting that is expected to focus on the need to boost growth and investment in Europe.
This is a follow up to a first gathering held in Athens in September 2016 as part of a push by Greek Prime Minister Alexis Tsipras to create a strong southern “axis” to counter the influence of nations in northern Europe.
The group is often referred to — sometimes dismissively — as “Club Med”, even though one of its members, Portugal, is not on the Mediterranean.
It includes some of the nations which were hit hardest by the financial crisis. Portugal and Greece both got international bailouts worth tens of billions of euros which came with demands for tough austerity measures and economic reforms.
The Lisbon summit comes ahead of a February 3 meeting of EU leaders in Malta to reflect on the future of the bloc without Britain, its second-largest economy and its richest financial centre.
Analysts said forging a common front will be hard as southern EU nations have different priorities and many of the leaders who will be at the Lisbon summit are politically weak.
Hollande is not a candidate in France’s presidential election later this year and his Socialist party is trailing in the polls. “So whatever Hollande promises or agrees this weekend will probably be forgotten by the middle of the year,” Adriano Bosoni, senior Europe analyst at US private intelligence firm Stratfor, said. “The Italian government is also fragile. The Greek prime minister is struggling to keep his government alive.”
Paris is not interested in breaking its traditional partnership with Germany which has long set the pace for the EU, said Guntram Wolff, director of Bruegel, a Brussels-based think thank. — AFP
Oman Observer is now on the WhatsApp channel. Click here
