Borrell said the war has “aborted the growth that is starting to take place and it is setting the stage for a financial crisis, more inflation and slower growth”.
Delegations from 27 EU member states and 16 Mediterranean partner countries from North Africa, Western Asia and Southern Europe gathered for the forum in the city of Barcelona, northeastern Spain.
Borrell said it “worries us all” that the growing economic gap not only between the north and the south, but between the southern states themselves “is widening differences and not resolving them.” get their conflict.”
He said the southern states are among the least economically integrated regions in the world with half of the region’s population under the age of 24.
“It is a very young population looking for opportunities,” he said, adding that further development and regulated migration are needed. “Opportunities must be provided.”
The Mediterranean Union aims to promote dialogue and cooperation among its member countries despite their economic and political differences.
The meeting announced that North Macedonia was its newest member.
The forum signed an agreement to launch the Medusa undersea communications cable project between the Southern European countries of Portugal, Spain, France, Italy, Greece and Cyprus and the North African countries including Morocco. , Algeria, Tunisia and Egypt.