OPINION. Johannes Teyssen, CEO E.ON SE: Wake-up call for EUROPE

Ioana Erdei 23/03/2019 | 08:51

We have to talk about Europe. Because, whether we like it or not, Europe remains our only opportunity to hold our own in the complex and challenging world of the twenty-first century. But the truth is: Europe’s future is more uncertain than many think. In losing the UK, Europe is losing on its strongest pillars. Eurosceptics are gaining ground in other member states as well.

Europe’s biggest problem isn’t that it has so many opponents. Rather, its biggest problem is that so few of its supporters are willing to state their allegiance openly and to act accordingly. Even though they know how much we need the EU today and how much more we’ll need it in the future in order to live the way we Europeans take for granted: in peace and prosperity.

For once let’s not look west across the Channel but east, across the former boundary between the twentieth century’s two competing systems, to Eastern Europe. Because there we’ll see what great things we in Europe are still capable of. The EU’s two waves of eastern expansion in 2004 and 2007 put the countries of Central and Eastern Europe where they’d always been and where they belong: in the heart of Europe. The liberation from dictatorship and dependence on a foreign superpower began a success story that has improved the lives of the people who live there and has also enriched all of Europe. Economic growth in Eastern Europe is consistently stronger than in the West and, increasingly, is benefiting ordinary citizens. Although wages are lower than in the West, they’re rising swiftly across the region. At the same time, unemployment is significantly lower. The unemployment rates in the Czech Republic, Poland, and Hungary are now among Europe’s lowest. A shortage of skilled labor is emerging in some job categories, just like in the West. These countries have achieved so much, right in the heart of Europe.

At E.ON, we’re proud to be part of this success story. The roots of our operations in Romania, Slovakia, the Czech Republic, and Hungary extend far into the last century. We supply energy to 7.8 million customers in these countries. Our planned takeover of innogy will significantly enhance our operations in Eastern Europe and extend them to other countries in the region. All of this will benefit our customers there. We’ve witnessed these countries’ impressive progress, economic upswing, and renascent European identity from up close and done our best to support these welcome trends. From our own experience, we’re just as familiar with the successes this has
brought as with the almost unavoidable social tension. My many visits to Eastern Europe have given me a lot of sympathy for this region and its warm- hearted, pragmatic people who are justly proud of their achievements.

They have every reason to be proud of the democratic institutions they’ve established after decades of repression. And every right, within the bounds of shared European values, to chart their own course. In view of their historical experience, who can seriously wonder that people in Eastern Europe are hypersensitive to patronization from the West. One doesn’t have to defend every political development in Eastern Europe to expect this core region of Europe to be treated respectfully. Western Europe would do well to expend more effort to learn to understand and to respect the specific, historically determined situation of its Eastern neighbors.

My interactions in Eastern European countries have shown me again and again that their peoples have retained a strong sense of the plurality of cultural traditions. Of the role plurality plays and the opportunities it creates. That some things should be standardized but not everything. That’s a fundamentally European notion. Plurality is Europe’s strength, particularly today. Because the world has reentered a phase in which technology will play a decisive role in determining the future global distribution of prosperity and the relative competitiveness of the various regions of the world. In this it resembles the race to industrialization of the nineteenth century. But this time
Europe is lagging behind. We need to catch up.

Innovations happen where people with a wide variety of personal, cultural, and professional backgrounds can share ideas freely and openly. We can do that in Europe—and perhaps even better than in some other places around the
world. A productive plurality is traditionally a European strength that, however, has somewhat fallen from view. Of course, there are areas in Europe where we need a uniform regulatory environment. Energy, climate protection, and telecommunications, to name just three. Of course, the single European market and a common currency provide big advantages for citizens and companies alike. But those alone
can’t provide Europe with a good future. Large segments of the population wouldn’t accept the unification of Europe for economic reasons alone or out of cold pragmatism. Europe therefore needs to rediscover its plurality. If we can’t become like the United States and certainly not like China and don’t even want to, then we should become more European again. And that means embracing plurality and utilizing its productivity. In line with its shared values, Europe needs more subsidiarity in decision-making processes, more room for the diversity of regional and cultural identities, more different and attractive ways of living, particularly in rural areas. Europe must once again be a sanctuary for—not a threat to—the right of its citizens to live as they wish.

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