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Christine Lagarde has broadened the language of central banking beyond inflation and interest rates. Her vision reveals Europe’s deeper dilemma: a common currency cannot create economic scale, monetary sovereignty or integrated capital markets without corresponding political architecture.
Ericsson helps design the networks before society knows how it will use them. This four-part series examines 6G, standards, Nokia and the tension between European technological sovereignty and the global scale on which connectivity is built.
Europe’s public bank is becoming more than a lender. As strategic risks grow, the EIB increasingly helps determine which infrastructure, technologies and industrial capacities can become financeable — turning public financial capacity into part of Europe’s industrial architecture.
NVIDIA wants to turn AI compute into an investable infrastructure asset. If institutional capital learns how to finance AI factories at scale, technological power may increasingly depend not only on who builds the best systems, but who can finance them.
Airbus represents far more than an aerospace company. It embodies decades of accumulated industrial capability, engineering expertise and institutional cooperation, raising a broader question: which strategic capabilities can Europe no longer afford to lose?
Europe has long excelled at generating innovation but struggled to finance scale. The Scaleup Europe Fund suggests a deeper shift in European thinking: capital is increasingly being treated not merely as finance, but as the infrastructure required to sustain technological sovereignty.
Europe’s next network era is not being shaped by technology alone, but by very different national ideas about infrastructure, sovereignty, industry and digital power. Phase III explores how European countries approach the future of networks — and what that reveals about Europe itself.
Europe’s financial system is becoming increasingly data-driven, algorithmic and compliance-oriented. This briefing explores how Dutch financial institutions are evolving from traditional capital intermediaries into infrastructures for interpreting risk, legitimacy and trust in a changing European financial order.
As AI shifts power from software to hardware, Europe confronts a deeper vulnerability: dependence on foreign compute infrastructure. Initiatives like PIXSpain aim to rebuild strategic autonomy at the physical layer — where chips, energy and photonics increasingly determine economic and geopolitical power.
In the corridors of Brussels and the financial districts of Frankfurt and Paris, Europe’s Savings and Investment Union is still widely treated as a file for specialists. The debate revolves around insolvency law, supervisory frameworks, prospectus rules and fiscal harmonisation. It sounds manageable, technical — almost neutral.
