Economic policy refers to the strategies and actions implemented by a government or organization to influence its country’s economic performance. This can include a wide range of measures aimed at promoting economic growth, ensuring stability, and addressing issues such as unemployment and inflation. Economic policy is often divided into two main categories: fiscal policy, which involves government spending and taxation decisions, and monetary policy, which involves the management of money supply and interest rates by a central bank. The objectives of economic policy may include promoting sustainable economic growth, optimizing resource allocation, enhancing the standard of living, reducing poverty, and maintaining financial stability. Overall, economic policy plays a crucial role in shaping the overall economic environment and in addressing both short-term and long-term economic challenges.
The European Commission has launched an €800 billion strategy to enhance Europe's defense capabilities in response to growing security challenges. This initiative supports Ukraine and aims to strengthen EU military…