Berliner Boersenzeitung - Scholz eyes 'sovereign, enlarged EU' including Ukraine

EUR -
AED 4.064362
AFN 74.691292
ALL 98.067997
AMD 428.356562
ANG 1.992779
AOA 1056.204926
ARS 1073.091282
AUD 1.607376
AWG 1.99179
AZN 1.878008
BAM 1.950476
BBD 2.232507
BDT 132.13056
BGN 1.955373
BHD 0.417096
BIF 3201.80186
BMD 1.10655
BND 1.423612
BOB 7.639596
BRL 6.003699
BSD 1.105682
BTN 92.67306
BWP 14.433562
BYN 3.618359
BYR 21688.37617
BZD 2.228556
CAD 1.493106
CDF 3173.026792
CHF 0.936639
CLF 0.036262
CLP 1000.575855
CNY 7.780817
CNH 7.781039
COP 4671.045494
CRC 573.130529
CUC 1.10655
CUP 29.32357
CVE 110.655015
CZK 25.287427
DJF 196.656252
DKK 7.458727
DOP 66.939375
DZD 146.726274
EGP 53.373875
ERN 16.598247
ETB 133.784201
FJD 2.42456
FKP 0.842703
GBP 0.83342
GEL 3.015349
GGP 0.842703
GHS 17.527577
GIP 0.842703
GMD 76.906334
GNF 9555.68346
GTQ 8.54675
GYD 231.202246
HKD 8.600199
HNL 27.541959
HRK 7.523444
HTG 145.894436
HUF 398.003532
IDR 16905.53595
ILS 4.167565
IMP 0.842703
INR 92.816347
IQD 1449.580244
IRR 46571.914714
ISK 149.893174
JEP 0.842703
JMD 174.044965
JOD 0.784214
JPY 159.157265
KES 142.74477
KGS 93.217192
KHR 4498.124715
KMF 492.359217
KPW 995.894197
KRW 1463.999067
KWD 0.338073
KYD 0.921319
KZT 532.007948
LAK 24099.481033
LBP 99146.862977
LKR 326.289432
LRD 214.421657
LSL 19.243319
LTL 3.267353
LVL 0.669341
LYD 5.239534
MAD 10.796053
MDL 19.297933
MGA 5029.26907
MKD 61.59495
MMK 3594.030601
MNT 3760.056186
MOP 8.852598
MRU 44.001962
MUR 50.923517
MVR 16.996449
MWK 1916.929383
MXN 21.721794
MYR 4.614765
MZN 70.686242
NAD 19.243209
NGN 1846.090391
NIO 40.665699
NOK 11.743664
NPR 148.275959
NZD 1.760634
OMR 0.426034
PAB 1.105602
PEN 4.103363
PGK 4.339611
PHP 62.375471
PKR 307.287477
PLN 4.286899
PYG 8616.637657
QAR 4.029003
RON 4.975266
RSD 117.038681
RUB 106.064289
RWF 1475.584164
SAR 4.151637
SBD 9.176135
SCR 15.070792
SDG 665.591654
SEK 11.368256
SGD 1.425441
SHP 0.842703
SLE 25.281678
SLL 23203.790438
SOS 631.840196
SRD 33.96664
STD 22903.34684
SVC 9.674682
SYP 2780.23951
SZL 19.138111
THB 36.027603
TJS 11.774711
TMT 3.872924
TND 3.370604
TOP 2.591652
TRY 37.849752
TTD 7.500461
TWD 35.169463
TZS 3009.81538
UAH 45.68173
UGX 4055.929824
USD 1.10655
UYU 45.96496
UZS 14102.977407
VEF 4008534.799166
VES 40.805922
VND 27232.190691
VUV 131.371816
WST 3.095532
XAF 654.124355
XAG 0.035302
XAU 0.000416
XCD 2.990506
XDR 0.815958
XOF 652.307283
XPF 119.331742
YER 276.997118
ZAR 19.245773
ZMK 9960.277349
ZMW 28.994766
ZWL 356.308586
  • RBGPF

    3.0600

    63.86

    +4.79%

  • CMSC

    0.0500

    24.77

    +0.2%

  • NGG

    0.3800

    70.05

    +0.54%

  • SCS

    -0.2900

    13.2

    -2.2%

  • AZN

    0.7600

    78.67

    +0.97%

  • RYCEF

    -0.1200

    6.93

    -1.73%

  • BP

    0.7000

    32.09

    +2.18%

  • RIO

    -0.0100

    71.16

    -0.01%

  • GSK

    -0.5800

    40.3

    -1.44%

  • BTI

    -0.1300

    36.45

    -0.36%

  • RELX

    -0.1200

    47.34

    -0.25%

  • CMSD

    0.1600

    24.94

    +0.64%

  • BCC

    0.4100

    141.39

    +0.29%

  • VOD

    -0.0700

    9.95

    -0.7%

  • BCE

    0.0300

    34.83

    +0.09%

  • JRI

    -0.1400

    13.53

    -1.03%

Scholz eyes 'sovereign, enlarged EU' including Ukraine
Scholz eyes 'sovereign, enlarged EU' including Ukraine / Photo: Michal Cizek - AFP

Scholz eyes 'sovereign, enlarged EU' including Ukraine

German Chancellor Olaf Scholz on Monday pledged emphatic backing for Ukraine and other hopefuls to join the European Union, underlining however that enlarging the bloc to "30 or 36" would require reforms.

Text size:

In a speech laying out his vision for the EU during a visit to the Czech Republic, Scholz said Russia's invasion of Ukraine requires a "European answer to this watershed".

The bloc needs to reduce its "one-sided dependencies", be it on the economic, energy or defence fronts, he urged, calling for a "geopolitical, sovereign and enlarged EU".

The German leader also underlined that he was "committed to" having the six nations of the western Balkans, Moldova, Georgia and Ukraine accede to the bloc.

"Their EU accession is in our interest," said Scholz.

But as the bloc widened, each member's veto right would have to go, he said, with a transition to a "majority voting" system so as not to slow EU decision-making down.

The Ukraine war is already putting the system of unanimity to the test, at a time when swift action is all the more necessary, Scholz said.

"Let's seek compromises together," he added, suggesting that majority voting could be applied to sanctions policy for a start.

Member states are also not faced with only two options of voting 'yes' or 'no', but can adopt "constructive abstention", he said.

- Coordinated growth -

The EU agreed candidacy status for Ukraine and Moldova in June, while Albania and North Macedonia in July joined Balkan neighbours Serbia and Montenegro in formal negotiations for membership with Brussels.

But the road to accession was expected to be long, and in the meantime, Scholz said the European hopefuls should be included in a new political forum, as suggested by French President Emmanuel Macron "to discuss key issues that affect our continent as a whole".

The grouping would not however take the place of EU accession, said Scholz, stressing that promises to candidates "must be followed by deeds".

The German leader also cracked open the door of Europe's borderless Schengen group to Croatia, Romania and Bulgaria, saying he will "work to see them become full members" -- something welcomed immediately by Romanian President Klaus Iohannis.

Scholz noted that the Ukraine war had also exposed the "uncoordinated shrinkage of European armed forces and defence budgets" over the last years, which had to be rectified with "coordinated growth".

This meant greater cooperation between European businesses on armaments projects, joint manufacturing and procurement, he said.

Germany, he said, will be ramping up "very significantly" on its air defence system, and will design it in a way that it could also be a shield for European neighbours from the Baltics to Scandinavia.

Scholz did not give details about the system but in March revealed plans to purchase an Israeli anti-missile shield system that could also offer protective cover for neighbouring EU states.

Berlin is meanwhile already coordinating with the Netherlands on a "division of labour" on arming Ukraine, said the German chancellor, as he urged other allies to join in the coordination.

"I can, for example, imagine that Germany will assume special responsibility in terms of building up Ukraine's artillery and air defence capacities," he said, vowing support for Kyiv for "as long as it takes".

- Core values -

Beyond defence, Scholz also eyed shedding "one-sided" reliance on energy imports but also that of other vital supplies like lithium or cobalt, for which demand from high-tech industries has boomed.

While the EU should not seek to shut others out, it should work towards greater internal coordination, be it on energy supplies or simply vehicle charging points.

It should also hold fast to its founding principles for human rights and rule of law, he said.

In reference to ongoing legal rows between the EU and Poland or Hungary over a slew of issues, Scholz said that in these countries, too, most people "want the EU to do more to stand up for freedom and democracy".

For Scholz, the EU commission could be given a "new way to launch infringement proceedings" on issues that breach core values of freedom, democracy or human rights.

"Especially at this time, with autocracy challenging our democracies, it is more important than ever," he said.

(T.Renner--BBZ)