Tuesday, April 29, 2025

Can Europe Rise to the Occasion?

Europe Needs Its Own AI Infrastructure
https://www.project-syndicate.org/commentary/breaking-dependence-on-us-big-tech-starts-with-building-european-ai-by-diane-coyle-2025-04
As European governments contend with an openly hostile US administration, the need for a strategic alternative to American technology is becoming increasingly urgent. A coordinated, EU-led, commercially driven AI initiative could help Europe achieve both industrial and strategic autonomy.
 
Navigating a fractured horizon: risks and policy options in a fragmenting world
https://www.ecb.europa.eu/press/key/date/2025/html/ecb.sp250429~5c32473955.en.html
Piero Cipollone, Member of the Executive Board of the ECB:
“If the EU upholds its status as a reliable partner that defends trade openness, investor protection, the rule of law and central bank independence, the euro has the potential to play the role of a global public good. This requires a deep, trusted market for internationally accepted euro debt securities. That is why policy efforts to integrate and deepen European capital markets must go hand in hand with efforts to issue European safe assets.” 

The Quick and Easy Way to Put Trump in His Place
https://www.project-syndicate.org/commentary/trump-tariffs-call-for-global-retaliation-to-eliminate-us-leverage-by-paul-de-grauwe-2025-05
Even though the United States represents only 15% of global trade, Donald Trump has taken it upon himself to launch a trade war against the entire world. If the countries representing the other 85% can come together and impose their own tariffs on US exports, Trump’s leverage will instantly vanish.