The European Union leaders are currently engaged in a crucial summit at Alden Biesen Castle in Belgium, focusing on the bloc's economic strategy amidst global pressures from the United States, China, and Russia. The summit, described by The News Pakistan as a 'high-stakes' event, is centered around the contentious 'Buy European' initiative, which aims to bolster the EU's economic competitiveness by prioritizing European companies. However, this approach has sparked division among EU leaders, as highlighted by The Guardian, which notes that the policy is seen as a potential remedy to Europe's 'waning economic fortunes.' The summit is also addressing broader concerns such as trade diversification, regulatory streamlining, and the completion of the EU's single market by 2028, as advocated by former Italian Prime Minister Enrico Letta in a report cited by Tribune Home.