EUROPE & POWER
Europe has major strengths: a market of 450 million consumers, substantial financial resources with savings totaling 35.5 trillion euros, and world-class scientific expertise. However, it struggles to translate these assets into concrete competitive advantages. The fragmentation of the internal market, the absence of genuine common fiscal governance, and overly complex regulations hinder the emergence of European industrial and technological champions capable of competing on a global scale.
€800 billion per year to invest
According to Mario Draghi, the European Union must mobilize 800 billion euros annually to rebuild economic and industrial independence, focusing on innovation, critical technologies, defense, and energy transition. This goal, far from being a luxury, is vital to maintaining European competitiveness in the face of the rising power of the United States and China.
Strong political leadership
Enhanced European governance is indispensable to ensure the coherent implementation of these strategic priorities. Europe must equip itself with a genuine fiscal capacity to effectively manage the annual 800 billion euros recommended by the Draghi report. Strong political leadership is an absolute necessity to mobilize these resources effectively in support of European sovereignty.
Technological leadership
The European Union must urgently close the technological gap with American and Chinese tech giants. This requires a proactive policy to support European startups and scale-ups, the removal of regulatory barriers that hinder their growth, and an ambitious investment strategy in artificial intelligence and quantum computing. This is essential to ensure Europe’s technological leadership in the coming decades.
Europe can no longer afford to finance its dependency. It must finance its own power. The stakes are not merely economic but existential: the future of Europe as a sovereign power capable of ensuring security, prosperity, and independence for its citizens is at play.