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Virkkunen Advocates Simplifying EU Regulations and Promoting "Technological Champions" in AI and Defence

Henna Virkkunen, Executive Vice President of the European Commission for Technological Sovereignty, Security, and Democracy in the EU, argued this Thursday at the Forum Europa in Brussels for the need to simplify European regulations and create continental "champions" in technologies such as artificial intelligence and the defence industry.

The EU Advocates for Technological Sovereignty and Self-Defence Against External Dependence

Henna Virkkunen, Executive Vice President of the European Commission for Technological Sovereignty, argued this Thursday at the Forum Europa in Brussels for the need for the EU to develop its own technological and defence capabilities to reduce external dependencies.

During the event organised by New Economy Forum in the EU's capital, Virkkunen stated that Europe must "mobilise more capital, simplify regulations, and invest in our own technological future" to maintain its competitiveness and sovereignty.

The EU to Boost Technological Sovereignty with AI Gigafactories and Data Centres

Henna Virkkunen, Executive Vice President of the European Commission for Technological Sovereignty, unveiled an ambitious plan this Thursday at the Forum Europa in Brussels to position the EU at the forefront of artificial intelligence and critical technologies.

During the event organised by New Economy Forum in the EU's capital, Virkkunen highlighted that Europe already has 13 operational AI factories across 17 Member States, which will provide optimised computing services for businesses and researchers.

The EU says the impact of AI is "10 times greater" than that of the Industrial Revolution

Climate, Net Zero Emissions and Clean Growth commissioner, Wopke Hoekstra, said Tuesday at the Fórum Europa in Brussels that the impact of Artificial Intelligence (AI) on society is "10 times greater" than that of the Industrial Revolution, as it is one of the main global challenges for the next 10 to 20 years, along with geopolitics and climate change.

Commissioner Hoekstra calls for a "Marshall Plan for Energy" in the EU

At the Fórum Europa in Brussels on Tuesday, commissioner for Climate, Net Zero Emissions and Clean Growth, Wopke Hoekstra, advocated for a "Marshall Plan for Energy" in the EU, with a boost to renewable and nuclear electrification, more electrical interconnections between EU countries, and an increase in battery storage capacity.

The EU admits it was "a mistake" to rely on Russian gas before the invasion of Ukraine

The commissioner for Climate, Net Zero Emissions and Clean Growth, Wopke Hoekstra, acknowledged this Tuesday at the Fórum Europa in Brussels that it was "a mistake" for the EU to rely on Russian gas before the invasion of Ukraine more than three years ago and noted that the European Union must commit to its own energy plans.

Commissioner Albuquerque calls for "speed and greater cohesion" to implement the Savings and Pensions Union

The European Commissioner for Financial Services, María Luisa Albuquerque, stated this Monday at the European Forum in Brussels that the two major obstacles facing the Savings and Investment Union project she is trying to promote are the lack of speed when working within the European Union and the excessive zeal when it comes to preserving the diversity of the different countries, for which she called for greater cohesion.

 

Commissioner Albuquerque Defends the "Importance" of Increasing the Size of European Businesses

The European Commissioner for Financial Services, María Luisa Albuquerque, defended this Monday at the European Forum in Brussels the importance of creating "European champions," much larger companies that are much more productive and competitive.

 

"You can't innovate with a productive structure made up of companies with 20 employees", she stated during her speech at a meeting organized by the New Economy Forum in the EU capital, where she indicated that it is also key for European companies to be fueled by capital rather than debt.

 

The European Commissioner for Financial Services affirms that "we should see more cross-border bank mergers"

The European Commissioner for Financial Services, María Luis Albuquerque, stated this Monday at the Europa Forum in Brussels that "we should see more bank mergers in the near future" as a result of the single banking market.

 

She stated this at a meeting organized by the Nueva Economía Forum in the EU capital, where she indicated that "with a single supervisor, a single market, and the same rules applied throughout the banking union," the synergies of these cross-border mergers "should be evident".

 

The European Commissioner for Financial Services highlights the importance of Europe having its own financing ecosystem

The European Commissioner for Financial Services and the Savings and Investment Union, María Luis Albuquerque, defended this Monday at the Fórum Europa in Brussels the importance of the Savings and Investment Union in ensuring Europe has a true financing ecosystem that allows it to be competitive, since diplomacy alone "is not enough" to maintain global relevance.

 

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