Vestager on EU Tech Sovereignty (with Caroline Hepker, Stephen Carroll)

Former European Commission EVP Margaret Vestager argues that Europe needs technological sovereignty defined as control over essential data and infrastructure, advocating for European jurisdiction over sensitive data to reduce reliance on US tech dominance.

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Margaret Vestager 8.0

Vestager on EU Tech Sovereignty (with Caroline Hepker, Stephen Carroll)

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EU plans to boost its own tech industry and reduce reliance on US cloud providers (AWS, Azure, Google Cloud) could pressure US big tech revenues from Europe over the medium term.

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The EU's €20B investment plan in AI data centers faces delays and funding issues, suggesting limited immediate fiscal stimulus impact on bond markets.

Margaret Vestager

It's really important to define technological sovereignty as a question of control. Can you control what is essential to you? Not all data is equal, but some data is more important than other data. It's really important that data that you really want only to be for European jurisdiction, that you make sure that you have only European jurisdiction.

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