New EU leaders face tough task of reviving bloc's economy

With the new European Union leadership set to take office in November, it is hoped that it will strengthen the European integration process and play a leading role in meeting the global challenges.

There is reason to believe that the new EU leadership, which was elected in July, has basically worked out its development course for the next five years, especially because European Commission president-elect Ursula von der Leyen, European Parliament president-elect David Sassoli and European Central Bank presidential nominee Christine Lagarde are considered leaders of vision.

Coordination among the EU states and European integration are regarded as major challenges for the new EU leadership owing to the differences in the EU states' economic development levels, social and political structures, and governance systems as well as the rise of populism and euroskepticism.