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EU Leaders Debate 'Buy European' Policy
European Union leaders are meeting Thursday in Belgium at a castle in the eastern countryside. They are discussing how to compete with the United States and China.
Leaders also want to counter pressure from Russia. Some leaders may disagree on a 'Buy European' policy.
This policy would favor European companies over foreign ones. The summit happens during tough economic and political times. Leaders hope to find ways to help Europe's economy grow stronger.
Klear Note — The EU is a group of 27 European countries that work together on trade and politics. 'Buy European' means favoring European-made products over imports from other countries.
Key Terms 2
- Buy European policy
- A plan to favor European companies when buying goods and services.
- Economic competitiveness
- How well Europe can compete with other major powers in business and trade.