European Commission and High Representative of the Union 7 December 2011, JOINT COMMUNICATION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL Global Europe : A New Approach to financing EU external action

52011DC0865 JOINT COMMUNICATION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL Global Europe : A New Approach to financing EU external action /* COM/2011/0865 final */ 1. Context With 500 million inhabitants, accounting for over 25 % of the world’s gross domestic product and a fifth of worldwide trade, the European Union (EU) is a global player.