Europe is ready for strategic autonomy, but at what cost?
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The Munich Security Conference highlighted a growing consensus among European officials and experts that Europe must pursue strategic autonomy and regain its competitiveness. This shift comes as the US signals a change in its relationship with Europe, suggesting a need for greater self-reliance. The primary concern is that Europe lags behind the US and China, especially in technology and advanced manufacturing, hindering its ability to negotiate effectively on the global stage. While the EU excels in basic research, it struggles to translate innovations into marketable products due to overregulation, such as the EU AI Act, and market fragmentation across its 27 member states. These factors impede the growth of European tech firms compared to their American and Chinese counterparts.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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