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In order to respond to crises, the EU needs "credible military capabilities," the leader of the EU Commission Ursula von der Leyen said at the World Economic Forum in Davos on Wednesday.
The bloc has already "set up the building blocks of a European defense union," the former German defense minister said in her speech.
NATO - Way - Policy - Security - Policy
"It is complementary to NATO and it is different," she added. "There is a European way to foreign policy and foreign security policy where hard power is an important tool […] but it is never the only one."
Green deal is a 'growth strategy'
Members - Elite - Summit - Der - Leyen
Addressing the members of the global political and economic elite at the Swiss summit, von der Leyen also focused on the economic risks of climate change.
"The World Economic Forum's so-called Global Risk Report identifies that the top five risks for our economy are all climate-related," she said, pledging that the EU would mobilize €1 trillion ($1.11 trillion) of investments from various sources to create a "green investment wave" within the decade.
European - Green - Deal - Growth - Strategy
"The European Green deal is our new growth strategy," von der Leyen added. "We will, for sure, be moving out of an economy based on fossil fuels, and we will be moving towards sustainable and digital economy."
Read more: EU lauds new Green Deal as Europe's 'man on moon moment'
China - Steps - CO2 - Pricing - System
She also praised China for taking "the first steps towards a CO2 pricing system."
Von der Leyen also...
(Excerpt) Read more at: DW.COM
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