Promote

As next-generation foundational technologies, quantum computing, communication, and sensing carry significant economic and security implications that go to the core of today’s strategic competition. In contrast with the US, where Big Tech actors dominate, Europe’s strengths lie in a vibrant ecosystem of research organisations and start-ups. This growing ecosystem is now at a critical juncture to develop into an internationally competitive European industry.

Faced with a wartime economy, the energy transition, and major investments to keep up with China’s and the US’s bids for technological and industrial leadership, the EU needs a permanent fiscal capacity in the range of 1 trillion euros. This move will not come easily, but history teaches us that Europe must now take this leap towards economic federalism.