A study by Fundación eAtlantic Fundazioa identifies 28 project proposals and initiatives for the Atlantic Facade, grouped into five strategic areas. The report was presented in Madrid.
A report prepared by Fundación eAtlantic Fundazioa identifies 28 project proposals and initiatives for the Atlantic Facade, as reported by latribunadeciudadreal.es. The document, titled "Single Market and European Competitiveness: A Look from the Atlantic Facade", was presented on Tuesday at the Representation of the European Commission in Madrid.
The work translates the recommendations of Mario Draghi and Enrico Letta to this geographical area. An expert team and up to 90 Atlantic actors were involved, aiming to turn the facade into:
"a space of prosperity and a strategic axis of new European competitiveness"
The study is organised into five strategic areas: decarbonisation and competitiveness, energy, financing and single financial market, innovation, digitalisation and fifth freedom, and interconnections. Each area analyses strengths, weaknesses, opportunities, and territorial conditions, proposing a portfolio of Atlantic-scale projects.
The report highlights that the Atlantic Facade represents one third of the EU coastline and concentrates key energy resources, such as the potential for onshore and offshore wind and a network of renewable hydrogen valleys. It also points out a solid financial ecosystem, with 14 of the 20 major European banks headquartered in an Atlantic state.
As a weakness, the document warns of the shift in the European centre of gravity towards the central-east and the Mediterranean, and of the delays in the Atlantic Corridor of the Trans-European Transport Network. According to the analysis, the facade risks being relegated to a secondary position.
Marian Elorza, general director of eAtlantic, outlined the main points of the document. The event featured remarks from the Secretary of State for the European Union, Fernando Sampedro, the Irish ambassador to Spain, Brian Glynn, and the foundation's president, the lehendakari Iñigo Urkullu, who advocated for strengthening Europe from its Atlantic dimension.
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