The European Union relies heavily on major American technology companies for many digital services and infrastructure. Recent tensions between the EU and the US have highlighted this dependence as a potential risk for Europe’s digital sovereignty. In response, EU lawmakers are promoting initiatives to create more European-based technology solutions to reduce reliance on US firms.
Efforts include funding for local startups, stricter regulations on foreign tech companies, and support for developing cloud services and digital platforms within Europe. However, experts question how quickly and effectively these measures can build competitive alternatives given the dominance and resources of US Big Tech. The challenge lies in balancing regulation with innovation while ensuring Europe’s digital economy remains strong and secure.
Why this matters:
Europe’s current dependence on US technology raises concerns about control over data, security, and economic influence. Developing homegrown tech solutions is seen as crucial for protecting Europe’s digital future and maintaining its competitiveness on the global stage.
Source: NewsData