Antonio Costa Backs EU Enlargement to Boost Global Growth
António Costa has framed the current push for EU enlargement as a strategic investment rather than a fiscal burden. Speaking at the Euronews EU Enlargement Summit, Costa highlighted that the expansion of the union has historically paved the way for immense economic prosperity, noting that 26 million jobs have been created since 2004. For nations like Montenegro, which is aiming for a 2028 entry, the process represents a move toward long-term stability and democratic alignment.
The Economic Reality of EU Enlargement
While some critics view integration as a costly endeavor, the data suggests otherwise. According to official reports, the 2004 expansion saw more than 100 million people join the union, contributing to an economic growth surge of over 2 trillion euros. Countries in Central and Eastern Europe that integrated two decades ago have successfully more than doubled the size of their domestic economies. This success underscores that EU enlargement is not merely a political project, but a mechanism for expanding shared markets.
Key Benefits for Member States
- Creation of over 26 million new jobs across the union.
- Over 2 trillion euros in collective economic growth since 2004.
- Increased capacity to withstand global economic shocks.
- Strengthening of the European social and democratic model.
By fostering deeper integration, EU enlargement helps member states build trust and resolve disputes through diplomacy. Costa emphasized that the process requires both ambition and responsibility. It is not just about aligning legislation; it is about rejecting nationalist rhetoric in favor of genuine cooperation. This approach allows the union to act as a more resilient economic power in an increasingly uncertain global landscape.
What This Means for Future Members
For candidate countries, the path to EU enlargement is merit-based and demanding. Reforms are necessary, yet they serve as a foundation for future stability. By overcoming the legacies of the past, these nations can unlock new opportunities for their citizens and businesses. The goal is to create a future where cooperation replaces mistrust, effectively turning the union into a stronger geopolitical actor.
The bottom line is clear: EU enlargement is a long-term investment in collective prosperity. As the union prepares to welcome new members, it must balance the need for fair accession standards with the reality that a larger, more unified Europe benefits every citizen. Whether through increased trade or enhanced geopolitical influence, the integration process remains a cornerstone of Europe’s ongoing development.
For full official background and direct documentation, read the source coverage on Euronews.com Reporting.