Europe Urged to Invest €300 Billion for Digital Sovereignty and Sustainability by 2033
April 29, 2025
Key infrastructure proposals include EuroChips for semiconductor production, SovereignCloud for secure cloud services, and SovereignAI for artificial intelligence solutions.
The EuroStack report calls for Europe to invest €300 billion over the next decade to build a digital ecosystem that emphasizes sovereignty and sustainability.
Andrea Renda highlights the necessity for Europe to develop a robust internal digital infrastructure to prevent job losses and maintain technological independence in the face of competition from the US and China.
Martin Hullin from Bertelsmann Stiftung underscores that EuroStack provides a roadmap to reduce technological dependence and enhance strategic autonomy for Europe.
The report recommends establishing an EU Sovereign Tech Fund, promoting 'Made-in-Europe' standards, and fostering public-private partnerships to drive homegrown innovation.
The report warns that without decisive action, Europe risks losing its economic and digital infrastructure to foreign powers, jeopardizing its social and climate objectives.
Ultimately, the report advocates for Europe to reclaim its digital future and emerge as a global leader in sustainable, values-driven digital innovation.
This initiative aims to diminish Europe's reliance on foreign technology providers, as currently over 80% of its digital infrastructure is imported.
Authored by Francesca Bria, Paul Timmers, and Fausto Gernone, the report emphasizes the urgent need for Europe to regain its technological independence.
Francesca Bria describes EuroStack as a 'moonshot' for Europe, essential for the region's digital evolution and economic independence.
The report proposes the EuroStack Challenge to fund the development of digital products in critical sectors such as healthcare and smart manufacturing.
Prof. Mariana Mazzucato advocates for a mission-driven approach, urging governments to forge strong partnerships with the private sector that align investments with European sustainability goals.
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TechCentral.ie • Apr 28, 2025
Europe must build its own digital future, EuroStack report urges