Carnicero Urabayen, Carlos

Europe between protectionism and openness: How to compete in a fragmented world

In our latest Future is Blue episode, we explored a question that now sits at the center of the European Union economic debate: how to navigate between the rising tide of protectionism and the long-standing benefits of openness. Our guest, Ana María Santacreu, Senior Economic Policy Advisor at the Federal Reserve Bank of St. Louis, walked us through the evidence: trade is fragmenting along geopolitical lines, vulnerabilities are crystallizing around critical inputs, and Europe’s best lever for resilience may lie at home—by finishing the job of integrating its own market.

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Europe’s single market: The EU’s strategic anchor in an era of fragmentation

With Donald Trump back in the headlines and global fragmentation accelerating, the European Union faces mounting external pressures — from rising protectionism to weaponized trade and geopolitical instability. In this volatile environment, Europe’s single market emerges as a fundamental strategic asset — critical to the EU’s economic resilience, competitiveness, and even geopolitical autonomy.

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