“Europe prepares €250 billion for high technology and to “maintain an advantage” over the US and ChinaEuropean Investment Bank President Nadia Calviño announced the mobilization of €250 billion by 2027 for the development of high technologies. The goal is to maintain Europe’s competitiveness with China and the US and to create 1,000 European technology giants.
”, — write: unn.ua
DetailsThe European Investment Bank (EIB) announced its intention to mobilize significant funds in the coming years for the development of high technologies on the continent.
European Investment Bank President Nadia Calviño warned of the need to accelerate the unification of all European countries to maintain their voice in a turbulent global context marked by the war in Ukraine, the invasion of Gaza, and the trade war initiated by Donald Trump.
Accordingly, in order not to lose technological advantage over the US, where technological giants such as Google, Amazon, Apple, and Facebook are concentrated, as well as manufacturing advantage over China, where the production of goods consumed in the rest of the world is concentrated, a financial resource for advanced projects should be formed.
As part of this, the European Bank is preparing 250 billion euros for technological innovations by 2027.
The program’s goal is to create 1,000 European giants that will join the 3,000 already existing in areas such as artificial intelligence, defense, military infrastructure, raw materials, and the transition to a “green” economy.
In addition, Calviño announced on October 21 that the Climate Bank had approved a doubling of adaptation financing due to climate change challenges. The plan envisages 30 billion euros by 2030.
The EIB and the European Commission have also prepared 17.5 billion euros to promote energy efficiency for small and medium-sized enterprises. But a single access center for the financial mechanism has yet to be created.
RecallChina is actively implementing 6G, setting technological standards. The US and Europe, even in the spring of 2025, were not in a hurry with 6G development, however, slow 5G deployment was observed.
Trump expects “very fair” deal with China20.10.25, 21:45 • 3434 views