The war in the Middle East, with its impact on energy costs, represents a challenge for European competitiveness, wrote the President of the European Commission, Ursula von der Leyen, on Monday 16 March to the European leaders who will be meeting in Brussels on 19 and 20 March.
And it has already cost the EU an additional €6 billion.
The Middle East crisis is a regional conflict with serious geopolitical and geo-economic repercussions for Europe - in the areas of energy and finance,...