1 00:02:45,400 --> 00:02:49,000 Hello everyone are we live yet. 2 00:03:23,766 --> 00:03:26,500 Apparently we’re being told in 3 00:03:26,500 --> 00:03:29,667 Apparently we’re being told in the room. 4 00:03:30,367 --> 00:03:32,933 Great well, hello everyone and 5 00:03:32,933 --> 00:03:35,801 Great well, hello everyone and welcome to vials annual 6 00:03:35,801 --> 00:03:36,799 welcome to vials annual meeting. Uh this is the panel 7 00:03:36,799 --> 00:03:39,033 meeting. Uh this is the panel on EU digital strategy at the 8 00:03:39,033 --> 00:03:41,333 on EU digital strategy at the time of geopolitical stress and 9 00:03:41,333 --> 00:03:43,934 time of geopolitical stress and I’m your moderator uh 10 00:03:43,934 --> 00:03:45,166 I’m your moderator uh interestingly, I’m not a regal 11 00:03:45,166 --> 00:03:46,767 interestingly, I’m not a regal today I’m calling in from one 12 00:03:46,767 --> 00:03:50,833 today I’m calling in from one uh one of the speakers uh is in 13 00:03:50,833 --> 00:03:53,233 uh one of the speakers uh is in one so uh I think in these days 14 00:03:53,233 --> 00:03:54,800 one so uh I think in these days of the pandemic, we all have to 15 00:03:54,800 --> 00:03:57,234 of the pandemic, we all have to be a little flexible. Now we’ve 16 00:03:57,234 --> 00:03:59,467 be a little flexible. Now we’ve got some superb panelists today 17 00:03:59,467 --> 00:04:01,666 got some superb panelists today but before turning over to. I’d 18 00:04:01,666 --> 00:04:03,233 but before turning over to. I’d like to make some brief remarks 19 00:04:03,233 --> 00:04:04,934 like to make some brief remarks to help structure our 20 00:04:04,934 --> 00:04:06,434 to help structure our discussion for today and also 21 00:04:06,434 --> 00:04:08,867 discussion for today and also to put it in the context of the 22 00:04:08,867 --> 00:04:10,733 to put it in the context of the previous sessions at the brutal 23 00:04:10,733 --> 00:04:13,067 previous sessions at the brutal annual meeting in yesterday’s 24 00:04:13,067 --> 00:04:17,334 annual meeting in yesterday’s opening session, Thurman Chen 25 00:04:17,334 --> 00:04:18,267 opening session, Thurman Chen uh senior minister of Singapore 26 00:04:18,267 --> 00:04:19,767 uh senior minister of Singapore it in a very thoughtful 27 00:04:19,767 --> 00:04:21,167 it in a very thoughtful comments, and he noted that 28 00:04:21,167 --> 00:04:23,667 comments, and he noted that policy makers today face a very 29 00:04:23,667 --> 00:04:25,299 policy makers today face a very challenging task. They have to 30 00:04:25,299 --> 00:04:26,834 challenging task. They have to deal on the one hand with the 31 00:04:26,834 --> 00:04:29,100 deal on the one hand with the enormous challenges that the 32 00:04:29,100 --> 00:04:31,701 enormous challenges that the pandemic poses, but they. To 33 00:04:31,701 --> 00:04:32,534 pandemic poses, but they. To address a great, many 34 00:04:32,534 --> 00:04:33,667 address a great, many additional challenges that 35 00:04:33,667 --> 00:04:35,733 additional challenges that we’re already fostering long 36 00:04:35,733 --> 00:04:37,267 we’re already fostering long before the pandemic hit and 37 00:04:37,267 --> 00:04:39,700 before the pandemic hit and they have to do all of this in 38 00:04:39,700 --> 00:04:42,333 they have to do all of this in a forward-looking way because 39 00:04:42,333 --> 00:04:43,867 a forward-looking way because it might set the course for 40 00:04:43,867 --> 00:04:45,400 it might set the course for years to come. uh he also 41 00:04:45,400 --> 00:04:47,733 years to come. uh he also argued that almost all 42 00:04:47,733 --> 00:04:49,267 argued that almost all developed countries have been 43 00:04:49,267 --> 00:04:51,900 developed countries have been under investing over the years 44 00:04:51,900 --> 00:04:53,600 under investing over the years in public goods, the kinds of 45 00:04:53,600 --> 00:04:55,701 in public goods, the kinds of things that society needs the 46 00:04:55,701 --> 00:04:58,266 things that society needs the people needs and that uh 47 00:04:58,266 --> 00:04:58,801 people needs and that uh basically developed countries 48 00:04:58,801 --> 00:04:59,933 basically developed countries need to raise their game. They 49 00:04:59,933 --> 00:05:01,634 need to raise their game. They need to increase public 50 00:05:01,634 --> 00:05:02,799 need to increase public investments and also encourage 51 00:05:02,799 --> 00:05:06,766 investments and also encourage private investments in sustain. 52 00:05:06,766 --> 00:05:08,701 private investments in sustain. Education with a focus on 53 00:05:08,701 --> 00:05:10,600 Education with a focus on lifelong learning and 54 00:05:10,600 --> 00:05:12,733 lifelong learning and especially relevant for us 55 00:05:12,733 --> 00:05:14,267 especially relevant for us today, Digitalization now 56 00:05:14,267 --> 00:05:17,333 today, Digitalization now another session yesterday uh 57 00:05:17,333 --> 00:05:18,500 another session yesterday uh also had some very 58 00:05:18,500 --> 00:05:21,034 also had some very complementary content. European 59 00:05:21,034 --> 00:05:21,533 complementary content. European Commission executive Vice 60 00:05:21,533 --> 00:05:23,799 Commission executive Vice President Timmerman provided a 61 00:05:23,799 --> 00:05:26,467 President Timmerman provided a real call to arms for 62 00:05:26,467 --> 00:05:28,267 real call to arms for investment in sustainability, 63 00:05:28,267 --> 00:05:29,234 investment in sustainability, but the same arguments apply 64 00:05:29,234 --> 00:05:31,800 but the same arguments apply equally to digitalization Uh he 65 00:05:31,800 --> 00:05:34,334 equally to digitalization Uh he argued that the investments 66 00:05:34,334 --> 00:05:36,700 argued that the investments that were. To deal with the 67 00:05:36,700 --> 00:05:39,267 that were. To deal with the pandemic or effectively 68 00:05:39,267 --> 00:05:40,767 pandemic or effectively borrowing from the next 69 00:05:40,767 --> 00:05:41,867 borrowing from the next generation and if we use them 70 00:05:41,867 --> 00:05:44,833 generation and if we use them only to rebuild what we have, 71 00:05:44,833 --> 00:05:45,934 only to rebuild what we have, we’re doing a disservice to the 72 00:05:45,934 --> 00:05:48,200 we’re doing a disservice to the next generation we really need 73 00:05:48,200 --> 00:05:51,266 next generation we really need to raise our game and broaden 74 00:05:51,266 --> 00:05:52,666 to raise our game and broaden our horizon as to where we want 75 00:05:52,666 --> 00:05:55,200 our horizon as to where we want to set our sights Uh I should 76 00:05:55,200 --> 00:05:56,966 to set our sights Uh I should also add that uh Thurman and in 77 00:05:56,966 --> 00:05:59,033 also add that uh Thurman and in his remarks noted that we have 78 00:05:59,033 --> 00:06:00,333 his remarks noted that we have to deal with these challenges 79 00:06:00,333 --> 00:06:02,300 to deal with these challenges again in a climate where 80 00:06:02,300 --> 00:06:04,833 again in a climate where multilateral is no longer. 81 00:06:04,833 --> 00:06:07,267 multilateral is no longer. Flavor of the month that 82 00:06:07,267 --> 00:06:08,333 Flavor of the month that implies challenges for his 83 00:06:08,333 --> 00:06:09,734 implies challenges for his country and also implies huge 84 00:06:09,734 --> 00:06:12,333 country and also implies huge challenges for Europe. so 85 00:06:12,333 --> 00:06:14,433 challenges for Europe. so that’s context for the 86 00:06:14,433 --> 00:06:16,300 that’s context for the questions that I’ve post to our 87 00:06:16,300 --> 00:06:18,334 questions that I’ve post to our speakers today. Uh I’ve asked 88 00:06:18,334 --> 00:06:20,333 speakers today. Uh I’ve asked them to look at things in that 89 00:06:20,333 --> 00:06:23,334 them to look at things in that context and uh first is there 90 00:06:23,334 --> 00:06:24,633 context and uh first is there attention between recovering 91 00:06:24,633 --> 00:06:26,200 attention between recovering from the pandemic and the 92 00:06:26,200 --> 00:06:28,166 from the pandemic and the necessary investments in 93 00:06:28,166 --> 00:06:29,200 necessary investments in digitalization or are the 94 00:06:29,200 --> 00:06:30,367 digitalization or are the investments complementary as 95 00:06:30,367 --> 00:06:31,933 investments complementary as digitalization part of the way 96 00:06:31,933 --> 00:06:33,400 digitalization part of the way that we recovered from the 97 00:06:33,400 --> 00:06:37,267 that we recovered from the pandemic. can we do both? Same 98 00:06:37,267 --> 00:06:39,867 pandemic. can we do both? Same time uh secondly uh Europe 99 00:06:39,867 --> 00:06:41,333 time uh secondly uh Europe makes huge use of a wide range 100 00:06:41,333 --> 00:06:44,433 makes huge use of a wide range of digital technologies in most 101 00:06:44,433 --> 00:06:46,299 of digital technologies in most of them. Europe is a heavy 102 00:06:46,299 --> 00:06:48,400 of them. Europe is a heavy user, but not the leading 103 00:06:48,400 --> 00:06:50,400 user, but not the leading producer is that something that 104 00:06:50,400 --> 00:06:51,866 producer is that something that we need to fix and if so, what 105 00:06:51,866 --> 00:06:55,900 we need to fix and if so, what can we do to improve our role 106 00:06:55,900 --> 00:06:57,167 can we do to improve our role in producing technologies like 107 00:06:57,167 --> 00:06:59,700 in producing technologies like artificial intelligence, big 108 00:06:59,700 --> 00:07:01,600 artificial intelligence, big data Internet of things, five G 109 00:07:01,600 --> 00:07:03,966 data Internet of things, five G and six G and and and more do 110 00:07:03,966 --> 00:07:06,967 and six G and and and more do we need to focus? On training 111 00:07:06,967 --> 00:07:09,434 we need to focus? On training experts in these fields and in 112 00:07:09,434 --> 00:07:10,633 experts in these fields and in particular, do we need to focus 113 00:07:10,633 --> 00:07:12,967 particular, do we need to focus more on retaining the experts 114 00:07:12,967 --> 00:07:14,867 more on retaining the experts that we’ve trained the third 115 00:07:14,867 --> 00:07:17,367 that we’ve trained the third set of questions are relates to 116 00:07:17,367 --> 00:07:20,833 set of questions are relates to platforms and the growing 117 00:07:20,833 --> 00:07:22,267 platforms and the growing global challenges that we face 118 00:07:22,267 --> 00:07:23,934 global challenges that we face what can be done to strengthen 119 00:07:23,934 --> 00:07:26,333 what can be done to strengthen the competitiveness of EU 120 00:07:26,333 --> 00:07:27,867 the competitiveness of EU industry is versus one another 121 00:07:27,867 --> 00:07:29,266 industry is versus one another and in competition with our 122 00:07:29,266 --> 00:07:30,399 and in competition with our global trading partners and 123 00:07:30,399 --> 00:07:32,867 global trading partners and competitors. what roles should 124 00:07:32,867 --> 00:07:34,600 competitors. what roles should competition policy, state and 125 00:07:34,600 --> 00:07:37,233 competition policy, state and tax. Play in ensuring that 126 00:07:37,233 --> 00:07:40,500 tax. Play in ensuring that we’ve got a level playing field 127 00:07:40,500 --> 00:07:42,667 we’ve got a level playing field versus those competitors. What 128 00:07:42,667 --> 00:07:44,167 versus those competitors. What can be done about illegal 129 00:07:44,167 --> 00:07:47,000 can be done about illegal content, fake news and election 130 00:07:47,000 --> 00:07:48,467 content, fake news and election manipulation, and how do we 131 00:07:48,467 --> 00:07:50,734 manipulation, and how do we reconcile that with the need 132 00:07:50,734 --> 00:07:52,934 reconcile that with the need for freedom of expression? The 133 00:07:52,934 --> 00:07:54,066 for freedom of expression? The fourth challenge that I raised 134 00:07:54,066 --> 00:07:56,199 fourth challenge that I raised has to do with the decline in 135 00:07:56,199 --> 00:07:58,767 has to do with the decline in multilateral. What we’re now 136 00:07:58,767 --> 00:08:00,633 multilateral. What we’re now seeing is aggressive trade 137 00:08:00,633 --> 00:08:01,966 seeing is aggressive trade policy sometimes coupled with 138 00:08:01,966 --> 00:08:04,334 policy sometimes coupled with primary and secondary sanctions 139 00:08:04,334 --> 00:08:07,200 primary and secondary sanctions that. that carry en. Risk of 140 00:08:07,200 --> 00:08:08,933 that. that carry en. Risk of disrupting supply chains for 141 00:08:08,933 --> 00:08:10,634 disrupting supply chains for the digital goods and services 142 00:08:10,634 --> 00:08:12,400 the digital goods and services that you relies on including 143 00:08:12,400 --> 00:08:14,767 that you relies on including semi conductor technology. 144 00:08:14,767 --> 00:08:17,900 semi conductor technology. We’re seeing that USA China not 145 00:08:17,900 --> 00:08:19,234 We’re seeing that USA China not only in ticktock and we chat 146 00:08:19,234 --> 00:08:21,966 only in ticktock and we chat but also with the highway and 147 00:08:21,966 --> 00:08:23,734 but also with the highway and we also see it in a different 148 00:08:23,734 --> 00:08:25,833 we also see it in a different form relative to Nord Stream 149 00:08:25,833 --> 00:08:27,933 form relative to Nord Stream two and relative to our treaty 150 00:08:27,933 --> 00:08:31,266 two and relative to our treaty with Iran but those cases make 151 00:08:31,266 --> 00:08:33,234 with Iran but those cases make clear these are things that can 152 00:08:33,234 --> 00:08:35,833 clear these are things that can impact your as well so again. 153 00:08:35,833 --> 00:08:38,234 impact your as well so again. What do we need to do about 154 00:08:38,234 --> 00:08:39,733 What do we need to do about this? Do we need more diverse 155 00:08:39,733 --> 00:08:41,533 this? Do we need more diverse supply chains. Do we need more 156 00:08:41,533 --> 00:08:43,534 supply chains. Do we need more self sufficiency? Can we 157 00:08:43,534 --> 00:08:44,133 self sufficiency? Can we achieve that across the board 158 00:08:44,133 --> 00:08:46,900 achieve that across the board or do we need to focus on 159 00:08:46,900 --> 00:08:49,433 or do we need to focus on specific areas now to discuss 160 00:08:49,433 --> 00:08:51,201 specific areas now to discuss all of those aspects and 161 00:08:51,201 --> 00:08:53,334 all of those aspects and there’s a lot there? Uh we have 162 00:08:53,334 --> 00:08:55,433 there’s a lot there? Uh we have the who’s director of the 163 00:08:55,433 --> 00:08:56,699 the who’s director of the digital single market in the 164 00:08:56,699 --> 00:08:59,633 digital single market in the European Commission, DG Connect 165 00:08:59,633 --> 00:09:00,666 European Commission, DG Connect uh is responsible for a lot of 166 00:09:00,666 --> 00:09:01,534 uh is responsible for a lot of the aspects that we’re going to 167 00:09:01,534 --> 00:09:04,499 the aspects that we’re going to be talking about uh we have 168 00:09:04,499 --> 00:09:05,967 be talking about uh we have Francesca Bria who’s the 169 00:09:05,967 --> 00:09:08,367 Francesca Bria who’s the president. Innovation Fund. 170 00:09:08,367 --> 00:09:10,767 president. Innovation Fund. She’s also a former chief 171 00:09:10,767 --> 00:09:11,967 She’s also a former chief technology officer for the city 172 00:09:11,967 --> 00:09:14,867 technology officer for the city of Barcelona, very experienced 173 00:09:14,867 --> 00:09:17,334 of Barcelona, very experienced professionals. We have Alberto 174 00:09:17,334 --> 00:09:18,701 professionals. We have Alberto who’s director for 175 00:09:18,701 --> 00:09:20,167 who’s director for infrastructure privacy and 176 00:09:20,167 --> 00:09:21,300 infrastructure privacy and security at digital Europe. 177 00:09:21,300 --> 00:09:22,866 security at digital Europe. he’ll be providing something of 178 00:09:22,866 --> 00:09:25,333 he’ll be providing something of an industry perspective and uh 179 00:09:25,333 --> 00:09:27,900 an industry perspective and uh last, but not the least uh A’s 180 00:09:27,900 --> 00:09:30,233 last, but not the least uh A’s metropolis my colleague and 181 00:09:30,233 --> 00:09:32,266 metropolis my colleague and friend uh a research fellow 182 00:09:32,266 --> 00:09:33,967 friend uh a research fellow who’s also spending a lot of 183 00:09:33,967 --> 00:09:37,234 who’s also spending a lot of time at MIT at present under. 184 00:09:37,234 --> 00:09:39,933 time at MIT at present under. Eos Fellowship now before I 185 00:09:39,933 --> 00:09:41,766 Eos Fellowship now before I pass the floor to the speakers 186 00:09:41,766 --> 00:09:43,767 pass the floor to the speakers uh a quick bit of housekeeping, 187 00:09:43,767 --> 00:09:45,200 uh a quick bit of housekeeping, we will be collecting 188 00:09:45,200 --> 00:09:46,767 we will be collecting questions, which will be posing 189 00:09:46,767 --> 00:09:48,400 questions, which will be posing to the panelists after their 190 00:09:48,400 --> 00:09:50,700 to the panelists after their opening statements You can post 191 00:09:50,700 --> 00:09:53,166 opening statements You can post questions yourself by using 192 00:09:53,166 --> 00:09:57,199 questions yourself by using slide with the hashtag of has 193 00:09:57,199 --> 00:09:59,833 slide with the hashtag of has BAM two zero, You can also if 194 00:09:59,833 --> 00:10:01,467 BAM two zero, You can also if you see questions that you like 195 00:10:01,467 --> 00:10:04,766 you see questions that you like you can like them they raise to 196 00:10:04,766 --> 00:10:05,833 you can like them they raise to the top of the list if lots of 197 00:10:05,833 --> 00:10:09,434 the top of the list if lots of people like. Question. So with 198 00:10:09,434 --> 00:10:11,866 people like. Question. So with that I’d like to pass the floor 199 00:10:11,866 --> 00:10:15,834 that I’d like to pass the floor to uh director to so uh what 200 00:10:15,834 --> 00:10:18,467 to uh director to so uh what keeps you awake at night? uh 201 00:10:18,467 --> 00:10:19,767 keeps you awake at night? uh despite the pandemic, the 202 00:10:19,767 --> 00:10:20,367 despite the pandemic, the commission has been very active 203 00:10:20,367 --> 00:10:23,333 commission has been very active on all of these topics. Uh what 204 00:10:23,333 --> 00:10:26,801 on all of these topics. Uh what are your thoughts on this? 205 00:10:26,801 --> 00:10:28,899 are your thoughts on this? Pleasure to be here and also 206 00:10:28,899 --> 00:10:31,800 Pleasure to be here and also with the family and the uh the 207 00:10:31,800 --> 00:10:32,967 with the family and the uh the audience. What keeps me awake 208 00:10:32,967 --> 00:10:34,801 audience. What keeps me awake at night, It was the heat the 209 00:10:34,801 --> 00:10:37,100 at night, It was the heat the last couple of weeks. it’s at 210 00:10:37,100 --> 00:10:38,867 last couple of weeks. it’s at five I have the luxury of 211 00:10:38,867 --> 00:10:41,299 five I have the luxury of really worrying too much about 212 00:10:41,299 --> 00:10:43,000 really worrying too much about work uh as I tried to speak. 213 00:10:43,000 --> 00:10:44,699 work uh as I tried to speak. But of course, I think the 214 00:10:44,699 --> 00:10:45,299 But of course, I think the issues and the questions that 215 00:10:45,299 --> 00:10:48,634 issues and the questions that you post are fundamental 216 00:10:48,634 --> 00:10:49,733 you post are fundamental questions to the future of the 217 00:10:49,733 --> 00:10:51,933 questions to the future of the European Union. so uh we need 218 00:10:51,933 --> 00:10:54,534 European Union. so uh we need to uh spend as much time as 219 00:10:54,534 --> 00:10:55,800 to uh spend as much time as possible and collectively and I 220 00:10:55,800 --> 00:10:57,067 possible and collectively and I think that’s also why it’s good 221 00:10:57,067 --> 00:10:58,434 think that’s also why it’s good to have this webinar to find 222 00:10:58,434 --> 00:10:59,600 to have this webinar to find the right answers to these 223 00:10:59,600 --> 00:11:03,600 the right answers to these questions, maybe just a few. 224 00:11:04,667 --> 00:11:06,700 And I mean it looks like a lot 225 00:11:06,700 --> 00:11:08,733 And I mean it looks like a lot of videos now, self evident and 226 00:11:08,733 --> 00:11:10,200 of videos now, self evident and obvious, but it wasn’t before 227 00:11:10,200 --> 00:11:12,734 obvious, but it wasn’t before the crisis. I mean digital has 228 00:11:12,734 --> 00:11:14,333 the crisis. I mean digital has been playing a major role in 229 00:11:14,333 --> 00:11:17,066 been playing a major role in finding solutions cures and to 230 00:11:17,066 --> 00:11:18,667 finding solutions cures and to manage the kind of hospital 231 00:11:18,667 --> 00:11:21,167 manage the kind of hospital admissions uh to a lot of 232 00:11:21,167 --> 00:11:22,767 admissions uh to a lot of doctors to take decisions about 233 00:11:22,767 --> 00:11:25,033 doctors to take decisions about who should go to to to the 234 00:11:25,033 --> 00:11:26,833 who should go to to to the intensive care units that are 235 00:11:26,833 --> 00:11:29,167 intensive care units that are on the screen. uh the uh 236 00:11:29,167 --> 00:11:30,966 on the screen. uh the uh European super computers have 237 00:11:30,966 --> 00:11:33,967 European super computers have been running 24/7 to find drugs 238 00:11:33,967 --> 00:11:37,366 been running 24/7 to find drugs already. That could help 239 00:11:37,366 --> 00:11:38,633 already. That could help address some of the of the 240 00:11:38,633 --> 00:11:41,466 address some of the of the symptoms of of of to the 241 00:11:41,466 --> 00:11:44,334 symptoms of of of to the molecules of cleaning robots. I 242 00:11:44,334 --> 00:11:46,533 molecules of cleaning robots. I mean the tracing app has been 243 00:11:46,533 --> 00:11:47,800 mean the tracing app has been discussed so technology is at 244 00:11:47,800 --> 00:11:50,400 discussed so technology is at the center of trying to find a 245 00:11:50,400 --> 00:11:51,834 the center of trying to find a solution to the uh to the 246 00:11:51,834 --> 00:11:54,934 solution to the uh to the medical um and societal issues 247 00:11:54,934 --> 00:11:57,300 medical um and societal issues proposed by Avi. I mean often 248 00:11:57,300 --> 00:11:58,833 proposed by Avi. I mean often you you think well, what if 249 00:11:58,833 --> 00:12:00,399 you you think well, what if this would have happened like 250 00:12:00,399 --> 00:12:01,900 this would have happened like 1020 years ago, I mean how 251 00:12:01,900 --> 00:12:03,533 1020 years ago, I mean how would we have co? I mean I 252 00:12:03,533 --> 00:12:05,900 would we have co? I mean I think. If there’s any evidence 253 00:12:05,900 --> 00:12:09,167 think. If there’s any evidence of how important technology has 254 00:12:09,167 --> 00:12:10,801 of how important technology has become to our lives to our 255 00:12:10,801 --> 00:12:12,300 become to our lives to our societies and the economies 256 00:12:12,300 --> 00:12:13,734 societies and the economies because our society and economy 257 00:12:13,734 --> 00:12:16,500 because our society and economy with all the disruptions, I’ve 258 00:12:16,500 --> 00:12:17,734 with all the disruptions, I’ve continued to perform and to 259 00:12:17,734 --> 00:12:19,767 continued to perform and to function. I mean we’re holding 260 00:12:19,767 --> 00:12:21,533 function. I mean we’re holding this webinar now like on 261 00:12:21,533 --> 00:12:23,900 this webinar now like on online, I mean 1020 years ago, 262 00:12:23,900 --> 00:12:25,700 online, I mean 1020 years ago, I mean I think the economy 263 00:12:25,700 --> 00:12:27,967 I mean I think the economy would have come to a society to 264 00:12:27,967 --> 00:12:30,801 would have come to a society to a grinding halt. but what has 265 00:12:30,801 --> 00:12:32,500 a grinding halt. but what has also done is obviously his leg. 266 00:12:32,500 --> 00:12:34,166 also done is obviously his leg. There are our weaknesses and I 267 00:12:34,166 --> 00:12:36,234 There are our weaknesses and I think that brings us to the 268 00:12:36,234 --> 00:12:37,967 think that brings us to the questions that you put. I mean 269 00:12:37,967 --> 00:12:40,366 questions that you put. I mean what. I mean if we had like 270 00:12:40,366 --> 00:12:42,466 what. I mean if we had like more health day just spaces, 271 00:12:42,466 --> 00:12:43,699 more health day just spaces, which we are now working on 272 00:12:43,699 --> 00:12:45,399 which we are now working on very kind of hard to bring down 273 00:12:45,399 --> 00:12:47,834 very kind of hard to bring down a date together of course for 274 00:12:47,834 --> 00:12:49,233 a date together of course for the citizens of the protection 275 00:12:49,233 --> 00:12:51,133 the citizens of the protection the rules that we would have 276 00:12:51,133 --> 00:12:52,500 the rules that we would have been in a better situation if 277 00:12:52,500 --> 00:12:55,700 been in a better situation if we had better connectivity, we 278 00:12:55,700 --> 00:12:56,367 we had better connectivity, we would have been in a better 279 00:12:56,367 --> 00:12:58,699 would have been in a better situation if we had stronger EU 280 00:12:58,699 --> 00:13:00,367 situation if we had stronger EU ICT companies, we would have 281 00:13:00,367 --> 00:13:03,000 ICT companies, we would have been less dependent on supply 282 00:13:03,000 --> 00:13:05,333 been less dependent on supply chain. It’s certainly have been 283 00:13:05,333 --> 00:13:06,534 chain. It’s certainly have been uh to some extent undeniable 284 00:13:06,534 --> 00:13:09,399 uh to some extent undeniable over the last uh six. If we had 285 00:13:09,399 --> 00:13:10,633 over the last uh six. If we had more people with their phones, 286 00:13:10,633 --> 00:13:12,133 more people with their phones, digital skills, I mean we would 287 00:13:12,133 --> 00:13:13,367 digital skills, I mean we would have been in a better position 288 00:13:13,367 --> 00:13:16,033 have been in a better position so it has done digital economy 289 00:13:16,033 --> 00:13:17,500 so it has done digital economy that I think the last 6 months 290 00:13:17,500 --> 00:13:19,967 that I think the last 6 months have made a lot clearer about 291 00:13:19,967 --> 00:13:21,967 have made a lot clearer about how important digitally today. 292 00:13:21,967 --> 00:13:24,500 how important digitally today. How important it will be an 293 00:13:24,500 --> 00:13:25,867 How important it will be an even more in the future and 294 00:13:25,867 --> 00:13:28,300 even more in the future and what our homework is where we 295 00:13:28,300 --> 00:13:29,801 what our homework is where we are still struggling whether 296 00:13:29,801 --> 00:13:32,334 are still struggling whether European you need to uh a lot 297 00:13:32,334 --> 00:13:34,899 European you need to uh a lot better but maybe a couple of 298 00:13:34,899 --> 00:13:35,533 better but maybe a couple of coins, which could be like four 299 00:13:35,533 --> 00:13:36,367 coins, which could be like four inches for the rest of the 300 00:13:36,367 --> 00:13:38,700 inches for the rest of the discussion, We need a lot. 301 00:13:38,700 --> 00:13:40,400 discussion, We need a lot. Cooperation at the level of the 302 00:13:40,400 --> 00:13:42,933 Cooperation at the level of the European No single member state 303 00:13:42,933 --> 00:13:44,133 European No single member state can address these questions a 304 00:13:44,133 --> 00:13:45,800 can address these questions a lot. I mean there’s a lot of 305 00:13:45,800 --> 00:13:47,066 lot. I mean there’s a lot of members states can do, but 306 00:13:47,066 --> 00:13:48,366 members states can do, but there are certain things that 307 00:13:48,366 --> 00:13:49,966 there are certain things that no members say not even the 308 00:13:49,966 --> 00:13:51,900 no members say not even the biggest elector in France can 309 00:13:51,900 --> 00:13:53,199 biggest elector in France can do on their own. This is where 310 00:13:53,199 --> 00:13:56,200 do on their own. This is where we need a true European 311 00:13:56,200 --> 00:13:57,800 we need a true European response. Can you introductory 312 00:13:57,800 --> 00:14:00,400 response. Can you introductory remarks you mentioned kind of 313 00:14:00,400 --> 00:14:03,466 remarks you mentioned kind of on investing globally? The EU 314 00:14:03,466 --> 00:14:05,667 on investing globally? The EU has been under investing even 315 00:14:05,667 --> 00:14:08,500 has been under investing even more than others globally and 316 00:14:08,500 --> 00:14:11,866 more than others globally and so. It’s a challenge. I mean if 317 00:14:11,866 --> 00:14:12,900 so. It’s a challenge. I mean if you don’t have why don’t we 318 00:14:12,900 --> 00:14:14,634 you don’t have why don’t we have the best connectivity in 319 00:14:14,634 --> 00:14:17,566 have the best connectivity in the world in Europe, we can 320 00:14:17,566 --> 00:14:22,200 the world in Europe, we can find out we have more digitized 321 00:14:22,200 --> 00:14:23,733 find out we have more digitized industry public services the 322 00:14:23,733 --> 00:14:25,800 industry public services the best skill populations. Why 323 00:14:25,800 --> 00:14:27,934 best skill populations. Why don’t we have more universities 324 00:14:27,934 --> 00:14:29,199 don’t we have more universities in the top twenty technical 325 00:14:29,199 --> 00:14:30,833 in the top twenty technical universities in the top twenty 326 00:14:30,833 --> 00:14:32,000 universities in the top twenty in the world? Why don’t we have 327 00:14:32,000 --> 00:14:34,267 in the world? Why don’t we have the fastest growing startups in 328 00:14:34,267 --> 00:14:36,000 the fastest growing startups in the world? A part of it is 329 00:14:36,000 --> 00:14:37,333 the world? A part of it is because we don’t invest enough. 330 00:14:37,333 --> 00:14:38,799 because we don’t invest enough. I mean there’s not enough money 331 00:14:38,799 --> 00:14:42,200 I mean there’s not enough money going into into the economy. In 332 00:14:42,200 --> 00:14:43,267 going into into the economy. In into those infrastructures, so 333 00:14:43,267 --> 00:14:44,834 into those infrastructures, so that needs to change and that 334 00:14:44,834 --> 00:14:46,200 that needs to change and that brings us, then to like well, 335 00:14:46,200 --> 00:14:48,000 brings us, then to like well, okay, but of course the crisis 336 00:14:48,000 --> 00:14:50,233 okay, but of course the crisis has quite a lot of our GDP. 337 00:14:50,233 --> 00:14:53,433 has quite a lot of our GDP. We’re kind of uh I mean uh I 338 00:14:53,433 --> 00:14:54,366 We’re kind of uh I mean uh I wish it were that there’s 339 00:14:54,366 --> 00:14:55,801 wish it were that there’s there’s a strain on the 340 00:14:55,801 --> 00:14:57,734 there’s a strain on the economy. How can we invest in 341 00:14:57,734 --> 00:14:58,967 economy. How can we invest in this time? and I think that was 342 00:14:58,967 --> 00:15:00,867 this time? and I think that was your first question, but we 343 00:15:00,867 --> 00:15:02,234 your first question, but we have no choice. We must and I 344 00:15:02,234 --> 00:15:03,967 have no choice. We must and I think also during our sessions. 345 00:15:03,967 --> 00:15:06,233 think also during our sessions. I mean we are not gonna rebuild 346 00:15:06,233 --> 00:15:07,799 I mean we are not gonna rebuild the same economy. That’s kind 347 00:15:07,799 --> 00:15:09,233 the same economy. That’s kind of make sure that you call me 348 00:15:09,233 --> 00:15:10,967 of make sure that you call me that emerges and the society 349 00:15:10,967 --> 00:15:15,334 that emerges and the society that they. It is a greener and 350 00:15:15,334 --> 00:15:17,333 that they. It is a greener and a more digital one, and let’s 351 00:15:17,333 --> 00:15:19,267 a more digital one, and let’s also not forget if you want to 352 00:15:19,267 --> 00:15:20,933 also not forget if you want to have a greater society and we 353 00:15:20,933 --> 00:15:22,534 have a greater society and we want to address climate change. 354 00:15:22,534 --> 00:15:23,967 want to address climate change. We’re not going to succeed with 355 00:15:23,967 --> 00:15:25,500 We’re not going to succeed with our digital. These things are 356 00:15:25,500 --> 00:15:27,834 our digital. These things are not separate the two kind of 357 00:15:27,834 --> 00:15:30,200 not separate the two kind of very close together most 358 00:15:30,200 --> 00:15:32,233 very close together most digital obviously itself uses a 359 00:15:32,233 --> 00:15:33,567 digital obviously itself uses a lot of consumers and a lot of 360 00:15:33,567 --> 00:15:35,466 lot of consumers and a lot of energy. So also there we need 361 00:15:35,466 --> 00:15:38,234 energy. So also there we need to make ICT much cleaner. so 362 00:15:38,234 --> 00:15:39,699 to make ICT much cleaner. so that’s the the challenge we 363 00:15:39,699 --> 00:15:42,167 that’s the the challenge we have now in agreement in your 364 00:15:42,167 --> 00:15:43,566 have now in agreement in your account or recovery and 365 00:15:43,566 --> 00:15:45,867 account or recovery and resilience of there is money 366 00:15:45,867 --> 00:15:48,967 resilience of there is money available 700. Share in the 367 00:15:48,967 --> 00:15:50,734 available 700. Share in the form of grants so that money 368 00:15:50,734 --> 00:15:52,334 form of grants so that money will now need to be invested 369 00:15:52,334 --> 00:15:55,234 will now need to be invested very quickly into these two 370 00:15:55,234 --> 00:15:57,734 very quickly into these two priorities and so and and 371 00:15:57,734 --> 00:15:59,266 priorities and so and and that’s kind of I think where we 372 00:15:59,266 --> 00:16:00,433 that’s kind of I think where we now need to work with the 373 00:16:00,433 --> 00:16:02,734 now need to work with the states and this means that 374 00:16:02,734 --> 00:16:04,233 states and this means that mistakes kind of improving 375 00:16:04,233 --> 00:16:05,966 mistakes kind of improving their activity, which is also 376 00:16:05,966 --> 00:16:07,267 their activity, which is also critical for the single market, 377 00:16:07,267 --> 00:16:09,833 critical for the single market, and we always think like it’s 378 00:16:09,833 --> 00:16:11,667 and we always think like it’s rules in the single market, but 379 00:16:11,667 --> 00:16:14,500 rules in the single market, but if we have very diverse kind of 380 00:16:14,500 --> 00:16:15,966 if we have very diverse kind of levels of connectivity in the 381 00:16:15,966 --> 00:16:18,634 levels of connectivity in the single market. And the levels 382 00:16:18,634 --> 00:16:21,700 single market. And the levels of government public 383 00:16:21,700 --> 00:16:24,300 of government public administration digital skills 384 00:16:24,300 --> 00:16:25,966 administration digital skills digitize industry with supply 385 00:16:25,966 --> 00:16:28,367 digitize industry with supply chain our European the single 386 00:16:28,367 --> 00:16:29,966 chain our European the single market can work the single 387 00:16:29,966 --> 00:16:32,201 market can work the single market can work as well as it 388 00:16:32,201 --> 00:16:33,067 market can work as well as it should so those are things 389 00:16:33,067 --> 00:16:34,533 should so those are things which we need to do and then 390 00:16:34,533 --> 00:16:36,667 which we need to do and then part of the recovery Fund needs 391 00:16:36,667 --> 00:16:38,400 part of the recovery Fund needs to be invested in collective 392 00:16:38,400 --> 00:16:40,267 to be invested in collective projects. We need a project We 393 00:16:40,267 --> 00:16:41,834 projects. We need a project We need big investments. It’s 394 00:16:41,834 --> 00:16:44,033 need big investments. It’s super computing in AI and 395 00:16:44,033 --> 00:16:45,333 super computing in AI and cybersecurity that can develop 396 00:16:45,333 --> 00:16:48,699 cybersecurity that can develop that a. Morbid, I conclude the 397 00:16:48,699 --> 00:16:50,000 that a. Morbid, I conclude the ??? I think you refer to it to 398 00:16:50,000 --> 00:16:51,734 ??? I think you refer to it to the digital services actually 399 00:16:51,734 --> 00:16:53,834 the digital services actually get the legislation and some 400 00:16:53,834 --> 00:16:55,400 get the legislation and some people say well, I mean, is 401 00:16:55,400 --> 00:16:56,966 people say well, I mean, is that really now as urgent, I 402 00:16:56,966 --> 00:16:58,333 that really now as urgent, I mean all the commission and the 403 00:16:58,333 --> 00:16:59,733 mean all the commission and the Commission came in and made it 404 00:16:59,733 --> 00:17:02,301 Commission came in and made it ten of the studies that all 405 00:17:02,301 --> 00:17:03,966 ten of the studies that all pret so is that still relevant. 406 00:17:03,966 --> 00:17:06,000 pret so is that still relevant. I mean all these regulations 407 00:17:06,000 --> 00:17:06,467 I mean all these regulations well, the answer is it’s 408 00:17:06,467 --> 00:17:07,633 well, the answer is it’s probably even more relevant 409 00:17:07,633 --> 00:17:10,367 probably even more relevant than it was before because if 410 00:17:10,367 --> 00:17:11,733 than it was before because if you look at the digital and you 411 00:17:11,733 --> 00:17:13,734 you look at the digital and you look at like the European 412 00:17:13,734 --> 00:17:14,634 look at like the European Landscaping industry and you 413 00:17:14,634 --> 00:17:16,899 Landscaping industry and you ask yourself the. Why aren’t 414 00:17:16,899 --> 00:17:19,767 ask yourself the. Why aren’t there more successful ICT 415 00:17:19,767 --> 00:17:21,167 there more successful ICT Internet companies in your 416 00:17:21,167 --> 00:17:24,800 Internet companies in your really scale and we have many 417 00:17:24,800 --> 00:17:26,366 really scale and we have many means Spotify a few others. The 418 00:17:26,366 --> 00:17:28,801 means Spotify a few others. The answer is because it’s just 419 00:17:28,801 --> 00:17:29,534 answer is because it’s just tremendously difficult in your 420 00:17:29,534 --> 00:17:31,367 tremendously difficult in your to stay up if you are 421 00:17:31,367 --> 00:17:32,699 to stay up if you are successful in the Netherlands 422 00:17:32,699 --> 00:17:34,367 successful in the Netherlands or Belgium or Germany, you go 423 00:17:34,367 --> 00:17:35,933 or Belgium or Germany, you go cross border different rules 424 00:17:35,933 --> 00:17:38,201 cross border different rules you start up again. You don’t 425 00:17:38,201 --> 00:17:39,966 you start up again. You don’t go to Poland different rules 426 00:17:39,966 --> 00:17:41,533 go to Poland different rules you start up again and you’re 427 00:17:41,533 --> 00:17:43,234 you start up again and you’re gonna have to start up by 27 428 00:17:43,234 --> 00:17:45,299 gonna have to start up by 27 times that takes far too long. 429 00:17:45,299 --> 00:17:47,867 times that takes far too long. It’s too costly with the 430 00:17:47,867 --> 00:17:48,967 It’s too costly with the internet is all about speed and 431 00:17:48,967 --> 00:17:50,700 internet is all about speed and scale, so that’s the reason so 432 00:17:50,700 --> 00:17:52,733 scale, so that’s the reason so we need to go very simply with 433 00:17:52,733 --> 00:17:54,299 we need to go very simply with the digital single market, One 434 00:17:54,299 --> 00:17:56,000 the digital single market, One market one rule, and that’s 435 00:17:56,000 --> 00:17:57,400 market one rule, and that’s why, for example, the digital 436 00:17:57,400 --> 00:17:59,734 why, for example, the digital service at fifteen very well 437 00:17:59,734 --> 00:18:01,266 service at fifteen very well need to make it easy for 438 00:18:01,266 --> 00:18:03,000 need to make it easy for companies to grow and at the 439 00:18:03,000 --> 00:18:05,200 companies to grow and at the same time, make sure that we 440 00:18:05,200 --> 00:18:06,700 same time, make sure that we have the right level of 441 00:18:06,700 --> 00:18:07,699 have the right level of protections so that people can 442 00:18:07,699 --> 00:18:09,500 protections so that people can trust technology that they feel 443 00:18:09,500 --> 00:18:10,900 trust technology that they feel that the internet is safe and 444 00:18:10,900 --> 00:18:12,700 that the internet is safe and that the platforms in this 445 00:18:12,700 --> 00:18:13,967 that the platforms in this space they take great 446 00:18:13,967 --> 00:18:16,000 space they take great responsibility. More than they 447 00:18:16,000 --> 00:18:18,300 responsibility. More than they do today, so that’s what’s at 448 00:18:18,300 --> 00:18:20,401 do today, so that’s what’s at stake and there’s no simple 449 00:18:20,401 --> 00:18:22,867 stake and there’s no simple answer and it has to be done 450 00:18:22,867 --> 00:18:24,166 answer and it has to be done together Incorporation and we 451 00:18:24,166 --> 00:18:26,200 together Incorporation and we have to invest we have to 452 00:18:26,200 --> 00:18:27,033 have to invest we have to develop a policy we need to 453 00:18:27,033 --> 00:18:28,800 develop a policy we need to cooperate more and we need uh 454 00:18:28,800 --> 00:18:30,800 cooperate more and we need uh uh a regular framework, which 455 00:18:30,800 --> 00:18:32,467 uh a regular framework, which is the best in the world. 456 00:18:32,467 --> 00:18:36,701 is the best in the world. That’s what we need. Only 457 00:18:36,701 --> 00:18:38,401 That’s what we need. Only that’s a lot that’s a lot. 458 00:18:38,401 --> 00:18:39,733 that’s a lot that’s a lot. Thank you very much for this. 459 00:18:39,733 --> 00:18:41,967 Thank you very much for this. thoughtful comments uh with 460 00:18:41,967 --> 00:18:43,800 thoughtful comments uh with that I’d like to uh to pass the 461 00:18:43,800 --> 00:18:46,000 that I’d like to uh to pass the Francesca Bria Francesca is 462 00:18:46,000 --> 00:18:47,533 Francesca Bria Francesca is more or less the innovation 463 00:18:47,533 --> 00:18:49,899 more or less the innovation expert on the panel, but you’re 464 00:18:49,899 --> 00:18:51,667 expert on the panel, but you’re also an expert on investment so 465 00:18:51,667 --> 00:18:53,767 also an expert on investment so I would really welcome uh any 466 00:18:53,767 --> 00:18:54,733 I would really welcome uh any response you have to some of 467 00:18:54,733 --> 00:18:55,967 response you have to some of the points that uh director of 468 00:18:55,967 --> 00:18:58,233 the points that uh director of the made in that area public 469 00:18:58,233 --> 00:19:00,767 the made in that area public versus private investment, The 470 00:19:00,767 --> 00:19:01,966 versus private investment, The general problem that we have in 471 00:19:01,966 --> 00:19:03,966 general problem that we have in Europe is that we tend to be 472 00:19:03,966 --> 00:19:06,900 Europe is that we tend to be bank heavy and. Like we have 473 00:19:06,900 --> 00:19:08,700 bank heavy and. Like we have far less venture capital in the 474 00:19:08,700 --> 00:19:11,100 far less venture capital in the US um also that uh you know 475 00:19:11,100 --> 00:19:13,500 US um also that uh you know it’s difficult to do initial 476 00:19:13,500 --> 00:19:17,100 it’s difficult to do initial offerings. IPOs and um it also 477 00:19:17,100 --> 00:19:18,400 offerings. IPOs and um it also doesn’t help that we have in 478 00:19:18,400 --> 00:19:19,133 doesn’t help that we have in many of the member states 479 00:19:19,133 --> 00:19:22,133 many of the member states owners rules on on bankruptcies 480 00:19:22,133 --> 00:19:23,034 owners rules on on bankruptcies so um you know I think you deal 481 00:19:23,034 --> 00:19:24,799 so um you know I think you deal with all these issues. Perhaps 482 00:19:24,799 --> 00:19:26,300 with all these issues. Perhaps you can touch on that in 483 00:19:26,300 --> 00:19:27,833 you can touch on that in connection with your other 484 00:19:27,833 --> 00:19:29,500 connection with your other remarks. Yes. uh it’s great to 485 00:19:29,500 --> 00:19:31,767 remarks. Yes. uh it’s great to be here First of all and thanks 486 00:19:31,767 --> 00:19:34,633 be here First of all and thanks Scott um I also as a general 487 00:19:34,633 --> 00:19:36,967 Scott um I also as a general that well first of all I will 488 00:19:36,967 --> 00:19:38,267 that well first of all I will touch on the question of 489 00:19:38,267 --> 00:19:39,766 touch on the question of greater cooperation in Europe 490 00:19:39,766 --> 00:19:42,233 greater cooperation in Europe and investment, and I also. 491 00:19:42,233 --> 00:19:46,167 and investment, and I also. Some overwhelm comments and as 492 00:19:46,167 --> 00:19:47,801 Some overwhelm comments and as I said, I think that they call 493 00:19:47,801 --> 00:19:50,533 I said, I think that they call in nineteen crisis uh although 494 00:19:50,533 --> 00:19:51,767 in nineteen crisis uh although he’s having a devastating 495 00:19:51,767 --> 00:19:53,300 he’s having a devastating impact around the world at the 496 00:19:53,300 --> 00:19:56,634 impact around the world at the same time, it gives us a 497 00:19:56,634 --> 00:19:58,534 same time, it gives us a historic opportunity to lay the 498 00:19:58,534 --> 00:20:00,667 historic opportunity to lay the foundation for a renewal of 499 00:20:00,667 --> 00:20:02,667 foundation for a renewal of Europe, which is projecting us 500 00:20:02,667 --> 00:20:04,734 Europe, which is projecting us into a digital future. Uh that 501 00:20:04,734 --> 00:20:06,766 into a digital future. Uh that is discoverable neutral and 502 00:20:06,766 --> 00:20:08,900 is discoverable neutral and today I think that addressing 503 00:20:08,900 --> 00:20:09,967 today I think that addressing Europe’s between China 504 00:20:09,967 --> 00:20:13,234 Europe’s between China challenge. Of the environmental 505 00:20:13,234 --> 00:20:15,801 challenge. Of the environmental protection and digital the 506 00:20:15,801 --> 00:20:17,400 protection and digital the digitization can be done by 507 00:20:17,400 --> 00:20:18,867 digitization can be done by harnessing European 508 00:20:18,867 --> 00:20:20,367 harnessing European technological sovereignty to 509 00:20:20,367 --> 00:20:22,867 technological sovereignty to accelerate the ecological 510 00:20:22,867 --> 00:20:24,233 accelerate the ecological transition and during the 511 00:20:24,233 --> 00:20:26,801 transition and during the pandemic we really so uh a sort 512 00:20:26,801 --> 00:20:28,467 pandemic we really so uh a sort of force digitization of many 513 00:20:28,467 --> 00:20:32,600 of force digitization of many aspects of our life and digital 514 00:20:32,600 --> 00:20:33,533 aspects of our life and digital infrastructures like broadband, 515 00:20:33,533 --> 00:20:35,634 infrastructures like broadband, connectivity and data has 516 00:20:35,634 --> 00:20:37,333 connectivity and data has proved to be critical 517 00:20:37,333 --> 00:20:38,333 proved to be critical infrastructure on which 518 00:20:38,333 --> 00:20:40,266 infrastructure on which essential services of society. 519 00:20:40,266 --> 00:20:42,801 essential services of society. Such as health care, food, 520 00:20:42,801 --> 00:20:45,267 Such as health care, food, delivery and education depends 521 00:20:45,267 --> 00:20:47,733 delivery and education depends upon. However, I think that 522 00:20:47,733 --> 00:20:49,267 upon. However, I think that accelerating digitization is 523 00:20:49,267 --> 00:20:50,834 accelerating digitization is not enough because we need to 524 00:20:50,834 --> 00:20:53,167 not enough because we need to give it a clear direction and 525 00:20:53,167 --> 00:20:54,767 give it a clear direction and in my perspective, there’s also 526 00:20:54,767 --> 00:20:56,867 in my perspective, there’s also was already sad. We should use 527 00:20:56,867 --> 00:20:58,666 was already sad. We should use the post that we face in their 528 00:20:58,666 --> 00:21:00,600 the post that we face in their recovery Fund to advance with 529 00:21:00,600 --> 00:21:03,000 recovery Fund to advance with strength and new European model 530 00:21:03,000 --> 00:21:05,467 strength and new European model four digital sovereignty that 531 00:21:05,467 --> 00:21:07,634 four digital sovereignty that we should call a digital green 532 00:21:07,634 --> 00:21:09,766 we should call a digital green new deal because it is about 533 00:21:09,766 --> 00:21:11,866 new deal because it is about using digital technologies to 534 00:21:11,866 --> 00:21:13,366 using digital technologies to attain both social and 535 00:21:13,366 --> 00:21:15,000 attain both social and environmental sustainability 536 00:21:15,000 --> 00:21:17,633 environmental sustainability and I think. To get there, we 537 00:21:17,633 --> 00:21:19,834 and I think. To get there, we should also be aware of the 538 00:21:19,834 --> 00:21:21,767 should also be aware of the long term political and social 539 00:21:21,767 --> 00:21:22,867 long term political and social challenges that we’re facing 540 00:21:22,867 --> 00:21:25,400 challenges that we’re facing and they are many. I will touch 541 00:21:25,400 --> 00:21:27,000 and they are many. I will touch upon four and then I will look 542 00:21:27,000 --> 00:21:29,400 upon four and then I will look at some of Europe’s ski action 543 00:21:29,400 --> 00:21:30,699 at some of Europe’s ski action to put forward and I hope this 544 00:21:30,699 --> 00:21:32,299 to put forward and I hope this can inform a little bit our 545 00:21:32,299 --> 00:21:33,933 can inform a little bit our discussion later the first 546 00:21:33,933 --> 00:21:35,200 discussion later the first challenge as you already 547 00:21:35,200 --> 00:21:36,266 challenge as you already mentioned in the introduction 548 00:21:36,266 --> 00:21:38,733 mentioned in the introduction is the new geopolitical 549 00:21:38,733 --> 00:21:40,266 is the new geopolitical dimension and we are in a 550 00:21:40,266 --> 00:21:43,899 dimension and we are in a context of growing geopolitical 551 00:21:43,899 --> 00:21:46,666 context of growing geopolitical multiple, and I think that 552 00:21:46,666 --> 00:21:47,933 multiple, and I think that European leadership is 553 00:21:47,933 --> 00:21:49,300 European leadership is increasingly important now that 554 00:21:49,300 --> 00:21:51,634 increasingly important now that the so-called. Cold war between 555 00:21:51,634 --> 00:21:54,000 the so-called. Cold war between the US and China, which 556 00:21:54,000 --> 00:21:55,400 the US and China, which centered on technological 557 00:21:55,400 --> 00:21:57,799 centered on technological supremacy from race to five G 558 00:21:57,799 --> 00:21:59,866 supremacy from race to five G quantum computing next 559 00:21:59,866 --> 00:22:01,767 quantum computing next generation ships and artificial 560 00:22:01,767 --> 00:22:03,734 generation ships and artificial intelligence recreating a 561 00:22:03,734 --> 00:22:05,667 intelligence recreating a global technology industry 562 00:22:05,667 --> 00:22:07,699 global technology industry clicks and the tech global 563 00:22:07,699 --> 00:22:11,167 clicks and the tech global order as we know as come into 564 00:22:11,167 --> 00:22:13,933 order as we know as come into question in area of tech 565 00:22:13,933 --> 00:22:15,199 question in area of tech nationalism is emerging and I 566 00:22:15,199 --> 00:22:17,099 nationalism is emerging and I think that the actual 567 00:22:17,099 --> 00:22:19,433 think that the actual artificial intelligence are may 568 00:22:19,433 --> 00:22:21,701 artificial intelligence are may be inevitable in this content. 569 00:22:21,701 --> 00:22:23,500 be inevitable in this content. We are increasingly seeing 570 00:22:23,500 --> 00:22:25,800 We are increasingly seeing strong intervention from the US 571 00:22:25,800 --> 00:22:27,367 strong intervention from the US and Chinese government tech 572 00:22:27,367 --> 00:22:29,667 and Chinese government tech bans sanctions attacks and 573 00:22:29,667 --> 00:22:31,600 bans sanctions attacks and global supply chains expert 574 00:22:31,600 --> 00:22:33,700 global supply chains expert control that is due on one side 575 00:22:33,700 --> 00:22:36,167 control that is due on one side to national security concern, 576 00:22:36,167 --> 00:22:38,700 to national security concern, but also first economic 577 00:22:38,700 --> 00:22:40,234 but also first economic competition to capture the 578 00:22:40,234 --> 00:22:41,867 competition to capture the immense value of the current 579 00:22:41,867 --> 00:22:44,201 immense value of the current digital industrial Revolution, 580 00:22:44,201 --> 00:22:46,000 digital industrial Revolution, and we should predict that the 581 00:22:46,000 --> 00:22:48,367 and we should predict that the US and China the coupling in 582 00:22:48,367 --> 00:22:49,900 US and China the coupling in the strategic technology 583 00:22:49,900 --> 00:22:51,167 the strategic technology sector, which is already 584 00:22:51,167 --> 00:22:53,266 sector, which is already disrupting the flow of 585 00:22:53,266 --> 00:22:53,867 disrupting the flow of technology talents and 586 00:22:53,867 --> 00:22:55,467 technology talents and investment between the two 587 00:22:55,467 --> 00:22:56,567 investment between the two countries. We’re moving into a 588 00:22:56,567 --> 00:22:59,767 countries. We’re moving into a broad. Ray of economic activity 589 00:22:59,767 --> 00:23:01,600 broad. Ray of economic activity and one important objective I 590 00:23:01,600 --> 00:23:03,067 and one important objective I think for Europe here is to 591 00:23:03,067 --> 00:23:04,933 think for Europe here is to stay competitive in the 592 00:23:04,933 --> 00:23:06,767 stay competitive in the strategic value chains of the 593 00:23:06,767 --> 00:23:08,000 strategic value chains of the future such as electro 594 00:23:08,000 --> 00:23:10,767 future such as electro batteries renewable energy 595 00:23:10,767 --> 00:23:13,300 batteries renewable energy equipment hydrogen technologies 596 00:23:13,300 --> 00:23:14,667 equipment hydrogen technologies that are needed to meet your 597 00:23:14,667 --> 00:23:15,799 that are needed to meet your target, which is the key 598 00:23:15,799 --> 00:23:17,600 target, which is the key central target of becoming 599 00:23:17,600 --> 00:23:20,867 central target of becoming climbing neutral by 2050 and 600 00:23:20,867 --> 00:23:22,133 climbing neutral by 2050 and European can suffer from 601 00:23:22,133 --> 00:23:22,767 European can suffer from critical raw materials 602 00:23:22,767 --> 00:23:24,900 critical raw materials shortages due to over reliance 603 00:23:24,900 --> 00:23:28,500 shortages due to over reliance on imports. That you don’t must 604 00:23:28,500 --> 00:23:30,867 on imports. That you don’t must also plan to reassuring in the 605 00:23:30,867 --> 00:23:32,133 also plan to reassuring in the critical value chains of the 606 00:23:32,133 --> 00:23:34,767 critical value chains of the future to recreate European 607 00:23:34,767 --> 00:23:36,167 future to recreate European capabilities and that back 608 00:23:36,167 --> 00:23:39,867 capabilities and that back well-paid jobs. Euro has was 609 00:23:39,867 --> 00:23:41,234 well-paid jobs. Euro has was also mentioned by the doesn’t 610 00:23:41,234 --> 00:23:43,633 also mentioned by the doesn’t have a companies that can 611 00:23:43,633 --> 00:23:46,200 have a companies that can compete in the platform 612 00:23:46,200 --> 00:23:46,833 compete in the platform digitization since so, critical 613 00:23:46,833 --> 00:23:48,434 digitization since so, critical national infrastructure from 614 00:23:48,434 --> 00:23:50,867 national infrastructure from hardware, software and data 615 00:23:50,867 --> 00:23:53,201 hardware, software and data flow I’ll be outside the union 616 00:23:53,201 --> 00:23:54,467 flow I’ll be outside the union and this can represent the big 617 00:23:54,467 --> 00:23:55,533 and this can represent the big risk for growth in the long 618 00:23:55,533 --> 00:23:58,600 risk for growth in the long run. 619 00:25:05,300 --> 00:25:07,667 Pay taxes where they create 620 00:25:07,667 --> 00:25:10,367 Pay taxes where they create profits without resorting to 621 00:25:10,367 --> 00:25:11,967 profits without resorting to tax and if this doesn’t happen 622 00:25:11,967 --> 00:25:14,199 tax and if this doesn’t happen that the ICD level the 623 00:25:14,199 --> 00:25:15,167 that the ICD level the commission, as stated by 624 00:25:15,167 --> 00:25:17,201 commission, as stated by Commissioner JLo seemed to be 625 00:25:17,201 --> 00:25:19,000 Commissioner JLo seemed to be determined to move forward at 626 00:25:19,000 --> 00:25:22,833 determined to move forward at the European level. The 627 00:25:22,833 --> 00:25:25,400 the European level. The challenge is an industrial 628 00:25:25,400 --> 00:25:27,234 challenge is an industrial challenge because you cannot be 629 00:25:27,234 --> 00:25:29,634 challenge because you cannot be seen all as a regulatory 630 00:25:29,634 --> 00:25:32,333 seen all as a regulatory superpower anymore. the EU 631 00:25:32,333 --> 00:25:34,666 superpower anymore. the EU needs to remain relevant as a 632 00:25:34,666 --> 00:25:37,400 needs to remain relevant as a global economic power to its 633 00:25:37,400 --> 00:25:39,133 global economic power to its technological innovation rather 634 00:25:39,133 --> 00:25:41,333 technological innovation rather than all the regulation and to 635 00:25:41,333 --> 00:25:42,666 than all the regulation and to be able to capture and share 636 00:25:42,666 --> 00:25:45,634 be able to capture and share the economic value produced by 637 00:25:45,634 --> 00:25:47,333 the economic value produced by Digitalization. We need a 638 00:25:47,333 --> 00:25:49,533 Digitalization. We need a coordinated project of a new 639 00:25:49,533 --> 00:25:50,733 coordinated project of a new investor strategy at European 640 00:25:50,733 --> 00:25:54,233 investor strategy at European level with a very ambitious. 641 00:25:54,233 --> 00:25:55,534 level with a very ambitious. Investment program This is 642 00:25:55,534 --> 00:25:56,733 Investment program This is already mentioned by the 643 00:25:56,733 --> 00:25:58,267 already mentioned by the commission, and this means that 644 00:25:58,267 --> 00:26:00,366 commission, and this means that we should be able to use 645 00:26:00,366 --> 00:26:02,300 we should be able to use Europe’s recovery fund in 646 00:26:02,300 --> 00:26:04,433 Europe’s recovery fund in alignment with your green deal 647 00:26:04,433 --> 00:26:06,299 alignment with your green deal and the digital strategy where 648 00:26:06,299 --> 00:26:08,467 and the digital strategy where public and private investment 649 00:26:08,467 --> 00:26:10,467 public and private investment should flow to grow the 650 00:26:10,467 --> 00:26:12,333 should flow to grow the innovation ecosystem of Europe, 651 00:26:12,333 --> 00:26:13,767 innovation ecosystem of Europe, which also means more 652 00:26:13,767 --> 00:26:15,133 which also means more investments in our startup and 653 00:26:15,133 --> 00:26:17,767 investments in our startup and our talent as well as 654 00:26:17,767 --> 00:26:18,300 our talent as well as environmentally friendly 655 00:26:18,300 --> 00:26:20,200 environmentally friendly technologies to the carbonized 656 00:26:20,200 --> 00:26:21,899 technologies to the carbonized the economy to become a neutral 657 00:26:21,899 --> 00:26:25,733 the economy to become a neutral in 2050 and critical. GIS such 658 00:26:25,733 --> 00:26:27,767 in 2050 and critical. GIS such as five G, the pan European 659 00:26:27,767 --> 00:26:30,767 as five G, the pan European cloud computing AI, next 660 00:26:30,767 --> 00:26:31,966 cloud computing AI, next generation chips and quantum 661 00:26:31,966 --> 00:26:33,867 generation chips and quantum computing when it comes to 662 00:26:33,867 --> 00:26:36,333 computing when it comes to critical digital structures. I 663 00:26:36,333 --> 00:26:38,800 critical digital structures. I think one key focus should be 664 00:26:38,800 --> 00:26:41,166 think one key focus should be requiring the data sovereignty 665 00:26:41,166 --> 00:26:43,667 requiring the data sovereignty of our citizens, cities and 666 00:26:43,667 --> 00:26:46,799 of our citizens, cities and industries developing a unified 667 00:26:46,799 --> 00:26:48,433 industries developing a unified data space with new governance 668 00:26:48,433 --> 00:26:52,200 data space with new governance models such as a European data 669 00:26:52,200 --> 00:26:53,967 models such as a European data Trust data is the life blood of 670 00:26:53,967 --> 00:26:56,333 Trust data is the life blood of a modern economy and the 671 00:26:56,333 --> 00:26:57,834 a modern economy and the intelligence use of data is a 672 00:26:57,834 --> 00:27:02,800 intelligence use of data is a great public interest. Europe. 673 00:28:34,267 --> 00:28:37,801 And the essential fear of 674 00:28:37,801 --> 00:28:38,333 And the essential fear of manipulation information 675 00:28:38,333 --> 00:28:39,633 manipulation information overload in authenticity 676 00:28:39,633 --> 00:28:42,000 overload in authenticity creates this now created by the 677 00:28:42,000 --> 00:28:43,767 creates this now created by the personality of the digital 678 00:28:43,767 --> 00:28:47,133 personality of the digital giants. It is clear that big T 679 00:28:47,133 --> 00:28:48,799 giants. It is clear that big T alone are unable to handle the 680 00:28:48,799 --> 00:28:50,267 alone are unable to handle the responsibility that come with 681 00:28:50,267 --> 00:28:55,533 responsibility that come with all this power so to end my uh 682 00:28:55,533 --> 00:28:57,100 all this power so to end my uh talk my remarks, I think that’s 683 00:28:57,100 --> 00:28:59,267 talk my remarks, I think that’s only by putting in place 684 00:28:59,267 --> 00:29:00,634 only by putting in place ambitious measure both in the 685 00:29:00,634 --> 00:29:01,833 ambitious measure both in the short term, but also in the 686 00:29:01,833 --> 00:29:03,467 short term, but also in the long term with the strategic 687 00:29:03,467 --> 00:29:04,534 long term with the strategic perspective, we will be able to 688 00:29:04,534 --> 00:29:07,800 perspective, we will be able to break. 689 00:29:36,734 --> 00:29:39,433 And these are the only option I 690 00:29:39,433 --> 00:29:41,234 And these are the only option I have advocate advocate for a 691 00:29:41,234 --> 00:29:43,667 have advocate advocate for a third way between the state and 692 00:29:43,667 --> 00:29:47,301 third way between the state and the US China, which is a big 693 00:29:47,301 --> 00:29:49,234 the US China, which is a big democracy. a democratization of 694 00:29:49,234 --> 00:29:51,400 democracy. a democratization of data citizens and participation 695 00:29:51,400 --> 00:29:52,133 data citizens and participation and technology at the service 696 00:29:52,133 --> 00:29:54,867 and technology at the service of society and if we fail to 697 00:29:54,867 --> 00:29:56,733 of society and if we fail to regain digital sovereignty, we 698 00:29:56,733 --> 00:29:59,400 regain digital sovereignty, we have becoming a colony trapped 699 00:29:59,400 --> 00:30:01,300 have becoming a colony trapped between Beijing and Washington. 700 00:30:01,300 --> 00:30:03,701 between Beijing and Washington. so it is now the time of 701 00:30:03,701 --> 00:30:06,434 so it is now the time of proposing a new model, which is 702 00:30:06,434 --> 00:30:10,334 proposing a new model, which is a European um. um a Europe. 703 00:30:10,334 --> 00:30:11,667 a European um. um a Europe. Technological sovereignty model 704 00:30:11,667 --> 00:30:14,700 Technological sovereignty model that is a digital humanism and 705 00:30:14,700 --> 00:30:17,100 that is a digital humanism and this means technology at the 706 00:30:17,100 --> 00:30:19,966 this means technology at the service of society. Sorry, I’m 707 00:30:19,966 --> 00:30:21,367 service of society. Sorry, I’m having a little bit of problem 708 00:30:21,367 --> 00:30:23,900 having a little bit of problem here. Okay, so uh the European 709 00:30:23,900 --> 00:30:25,767 here. Okay, so uh the European solution that we should offer 710 00:30:25,767 --> 00:30:27,966 solution that we should offer to the world uh should go 711 00:30:27,966 --> 00:30:30,200 to the world uh should go should not be retreated to a 712 00:30:30,200 --> 00:30:33,334 should not be retreated to a cold war mentality instead, the 713 00:30:33,334 --> 00:30:34,466 cold war mentality instead, the new meaning of the global 714 00:30:34,466 --> 00:30:36,700 new meaning of the global digital interconnected Society 715 00:30:36,700 --> 00:30:38,833 digital interconnected Society with democratically agreed on. 716 00:30:38,833 --> 00:30:41,500 with democratically agreed on. Side is needed setting wide 717 00:30:41,500 --> 00:30:43,833 Side is needed setting wide world standards for sustainable 718 00:30:43,833 --> 00:30:46,300 world standards for sustainable and Democratic digitization 719 00:30:46,300 --> 00:30:47,899 and Democratic digitization that will benefit both people 720 00:30:47,899 --> 00:30:49,299 that will benefit both people and the environment. I think 721 00:30:49,299 --> 00:30:51,233 and the environment. I think this is the big challenge that 722 00:30:51,233 --> 00:30:53,199 this is the big challenge that you’ll be facing and I think 723 00:30:53,199 --> 00:30:54,767 you’ll be facing and I think this is the vision of 724 00:30:54,767 --> 00:30:56,667 this is the vision of theological sovereignty, which 725 00:30:56,667 --> 00:30:59,867 theological sovereignty, which is really a sustainable and has 726 00:30:59,867 --> 00:31:01,867 is really a sustainable and has people at the very center. 727 00:31:01,867 --> 00:31:04,467 people at the very center. Thank you well. Thank you very 728 00:31:04,467 --> 00:31:07,533 Thank you well. Thank you very much that was truly the quilt 729 00:31:07,533 --> 00:31:10,800 much that was truly the quilt arms as far as digital. And big 730 00:31:10,800 --> 00:31:11,800 arms as far as digital. And big democracy, I hope you’ve 731 00:31:11,800 --> 00:31:13,400 democracy, I hope you’ve trademarked those because I 732 00:31:13,400 --> 00:31:15,801 trademarked those because I certainly intend to use them um 733 00:31:15,801 --> 00:31:18,333 certainly intend to use them um well done okay now with that, 734 00:31:18,333 --> 00:31:19,633 well done okay now with that, I’d like to hand off to our 735 00:31:19,633 --> 00:31:23,667 I’d like to hand off to our next speaker um Alberto Alberto 736 00:31:23,667 --> 00:31:25,400 next speaker um Alberto Alberto Maybe you can give us an 737 00:31:25,400 --> 00:31:26,833 Maybe you can give us an international business 738 00:31:26,833 --> 00:31:28,099 international business perspective on uh on some of 739 00:31:28,099 --> 00:31:31,000 perspective on uh on some of the same issues, Alberta there 740 00:31:31,000 --> 00:31:33,234 the same issues, Alberta there so that’s good. Can you hear me 741 00:31:33,234 --> 00:31:34,767 so that’s good. Can you hear me beautiful? Yes. I’m very happy 742 00:31:34,767 --> 00:31:35,933 beautiful? Yes. I’m very happy to be on this panel. I’m also 743 00:31:35,933 --> 00:31:37,400 to be on this panel. I’m also happy to be physically here at 744 00:31:37,400 --> 00:31:40,667 happy to be physically here at uh uh. The brutal office or 745 00:31:40,667 --> 00:31:42,299 uh uh. The brutal office or other studio, even though not 746 00:31:42,299 --> 00:31:43,699 other studio, even though not physically with you uh and and 747 00:31:43,699 --> 00:31:46,533 physically with you uh and and my fellow speakers uh I would 748 00:31:46,533 --> 00:31:47,967 my fellow speakers uh I would like to thank you for the for 749 00:31:47,967 --> 00:31:50,333 like to thank you for the for the very nice introduction uh 750 00:31:50,333 --> 00:31:52,400 the very nice introduction uh and the the background that you 751 00:31:52,400 --> 00:31:54,867 and the the background that you laid out for us about this 752 00:31:54,867 --> 00:31:57,400 laid out for us about this panel as usual, very apt uh in 753 00:31:57,400 --> 00:31:59,267 panel as usual, very apt uh in comprehensive uh to stimulate 754 00:31:59,267 --> 00:32:02,167 comprehensive uh to stimulate the discussion uh as as I look 755 00:32:02,167 --> 00:32:03,767 the discussion uh as as I look through the you know the 756 00:32:03,767 --> 00:32:06,533 through the you know the description of the panel uh I 757 00:32:06,533 --> 00:32:07,666 description of the panel uh I can’t help but think that 758 00:32:07,666 --> 00:32:08,899 can’t help but think that effectively we’re looking like 759 00:32:08,899 --> 00:32:11,234 effectively we’re looking like you yourself said um at. Have 760 00:32:11,234 --> 00:32:12,966 you yourself said um at. Have been more or less dormant and 761 00:32:12,966 --> 00:32:15,233 been more or less dormant and at times, very vocally 762 00:32:15,233 --> 00:32:17,067 at times, very vocally expressed in Europe for quite 763 00:32:17,067 --> 00:32:19,234 expressed in Europe for quite some time. So we’re not looking 764 00:32:19,234 --> 00:32:20,867 some time. So we’re not looking at a new scenario that’s been 765 00:32:20,867 --> 00:32:23,066 at a new scenario that’s been generated by the Cot pandemic 766 00:32:23,066 --> 00:32:24,734 generated by the Cot pandemic if anything we’re looking at a 767 00:32:24,734 --> 00:32:25,933 if anything we’re looking at a scenario that’s been 768 00:32:25,933 --> 00:32:28,234 scenario that’s been exacerbated by the pandemic and 769 00:32:28,234 --> 00:32:30,800 exacerbated by the pandemic and we’ll we’ll force us to uh 770 00:32:30,800 --> 00:32:32,267 we’ll we’ll force us to uh respond much more precisely uh 771 00:32:32,267 --> 00:32:34,700 respond much more precisely uh about what we want to do to 772 00:32:34,700 --> 00:32:36,533 about what we want to do to respond uh and also it forces 773 00:32:36,533 --> 00:32:37,967 respond uh and also it forces us to do so at the time of 774 00:32:37,967 --> 00:32:39,967 us to do so at the time of increased uncertainty so 775 00:32:39,967 --> 00:32:43,234 increased uncertainty so difficult. On so I think 776 00:32:43,234 --> 00:32:45,767 difficult. On so I think effectively uh this sums up the 777 00:32:45,767 --> 00:32:48,801 effectively uh this sums up the discussions about digital 778 00:32:48,801 --> 00:32:50,233 discussions about digital technological sovereignty uh 779 00:32:50,233 --> 00:32:52,300 technological sovereignty uh and open strategic autonomy, 780 00:32:52,300 --> 00:32:53,699 and open strategic autonomy, which I think are the new names 781 00:32:53,699 --> 00:32:55,533 which I think are the new names for you know, describing 782 00:32:55,533 --> 00:32:57,200 for you know, describing Europe’s swirl Europe’s role in 783 00:32:57,200 --> 00:32:59,467 Europe’s swirl Europe’s role in in in the world, but I do think 784 00:32:59,467 --> 00:33:01,000 in in the world, but I do think there’s the same issues Uh I 785 00:33:01,000 --> 00:33:02,733 there’s the same issues Uh I think it was Eric on the famous 786 00:33:02,733 --> 00:33:04,833 think it was Eric on the famous historian who said that uh 787 00:33:04,833 --> 00:33:06,300 historian who said that uh unless you know the facts 788 00:33:06,300 --> 00:33:07,800 unless you know the facts themselves change no amount of 789 00:33:07,800 --> 00:33:09,034 themselves change no amount of changing name change them and I 790 00:33:09,034 --> 00:33:10,533 changing name change them and I think this is uh uh an example 791 00:33:10,533 --> 00:33:14,866 think this is uh uh an example of that. Um I think if I wanted 792 00:33:14,866 --> 00:33:17,000 of that. Um I think if I wanted to you know recommend a reading 793 00:33:17,000 --> 00:33:18,967 to you know recommend a reading that sort of describes the 794 00:33:18,967 --> 00:33:20,733 that sort of describes the situation for uh for the 795 00:33:20,733 --> 00:33:23,201 situation for uh for the average tech user, I would go 796 00:33:23,201 --> 00:33:24,800 average tech user, I would go back to a paper that was 797 00:33:24,800 --> 00:33:26,866 back to a paper that was written by Anisa actually last 798 00:33:26,866 --> 00:33:28,400 written by Anisa actually last year in July before the New 799 00:33:28,400 --> 00:33:30,167 year in July before the New Commission came in on and that 800 00:33:30,167 --> 00:33:33,801 Commission came in on and that is a consulted on on about the 801 00:33:33,801 --> 00:33:35,299 is a consulted on on about the ICT industrial strategy for 802 00:33:35,299 --> 00:33:37,767 ICT industrial strategy for Europe. Um it’s not the most 803 00:33:37,767 --> 00:33:38,933 Europe. Um it’s not the most academically well researched 804 00:33:38,933 --> 00:33:40,533 academically well researched piece of work, but it’s I think 805 00:33:40,533 --> 00:33:42,767 piece of work, but it’s I think it’s a fairly good overview. 806 00:33:42,767 --> 00:33:44,400 it’s a fairly good overview. Concerns about sovereignty that 807 00:33:44,400 --> 00:33:45,534 Concerns about sovereignty that we’ve seen in Europe for quite 808 00:33:45,534 --> 00:33:47,699 we’ve seen in Europe for quite some time and I was always 809 00:33:47,699 --> 00:33:50,201 some time and I was always struck by the first very first 810 00:33:50,201 --> 00:33:52,400 struck by the first very first page of that report. uh that 811 00:33:52,400 --> 00:33:54,733 page of that report. uh that describes the the situation of 812 00:33:54,733 --> 00:33:56,533 describes the the situation of Europe being seen witch between 813 00:33:56,533 --> 00:33:59,667 Europe being seen witch between the US and Asia uh and the 814 00:33:59,667 --> 00:34:01,266 the US and Asia uh and the situation of of danger that 815 00:34:01,266 --> 00:34:02,167 situation of of danger that that creates for Europe’s 816 00:34:02,167 --> 00:34:03,933 that creates for Europe’s autonomy and there was this 817 00:34:03,933 --> 00:34:05,167 autonomy and there was this very nice illustration of the 818 00:34:05,167 --> 00:34:08,434 very nice illustration of the burger um meaning I think the 819 00:34:08,434 --> 00:34:10,400 burger um meaning I think the world and the two halves of the 820 00:34:10,400 --> 00:34:11,967 world and the two halves of the burger uh South Korea and 821 00:34:11,967 --> 00:34:14,533 burger uh South Korea and China. Uh top half and uh and 822 00:34:14,533 --> 00:34:18,234 China. Uh top half and uh and the the bottom uh as the US and 823 00:34:18,234 --> 00:34:20,733 the the bottom uh as the US and uh and in the center you have 824 00:34:20,733 --> 00:34:22,367 uh and in the center you have clearly the patty and that’s 825 00:34:22,367 --> 00:34:24,234 clearly the patty and that’s Europe. uh what I think that 826 00:34:24,234 --> 00:34:25,867 Europe. uh what I think that description fails to recognize 827 00:34:25,867 --> 00:34:28,500 description fails to recognize that is that uh I think people 828 00:34:28,500 --> 00:34:30,266 that is that uh I think people are supposed to eat the entire 829 00:34:30,266 --> 00:34:32,133 are supposed to eat the entire burger aren’t they uh and 830 00:34:32,133 --> 00:34:33,167 burger aren’t they uh and arguably if it’s a good burger, 831 00:34:33,167 --> 00:34:35,267 arguably if it’s a good burger, The patty is actually the most 832 00:34:35,267 --> 00:34:36,866 The patty is actually the most succulent part. so I think the 833 00:34:36,866 --> 00:34:39,266 succulent part. so I think the the questions as I can 834 00:34:39,266 --> 00:34:40,867 the questions as I can reformulate them or whether you 835 00:34:40,867 --> 00:34:42,367 reformulate them or whether you know what do we need to do to 836 00:34:42,367 --> 00:34:44,400 know what do we need to do to make sure that Europe is a 837 00:34:44,400 --> 00:34:45,967 make sure that Europe is a succulent patty patty and can 838 00:34:45,967 --> 00:34:48,167 succulent patty patty and can contribute. A succulent burger 839 00:34:48,167 --> 00:34:49,800 contribute. A succulent burger overall for the consumer that 840 00:34:49,800 --> 00:34:51,733 overall for the consumer that wants to eat it be it be the 841 00:34:51,733 --> 00:34:54,333 wants to eat it be it be the consumer European American or 842 00:34:54,333 --> 00:34:56,334 consumer European American or Chinese or South Korean. I’m 843 00:34:56,334 --> 00:34:58,000 Chinese or South Korean. I’m and I think you know a lot of 844 00:34:58,000 --> 00:34:59,967 and I think you know a lot of the fundamental questions uh 845 00:34:59,967 --> 00:35:02,567 the fundamental questions uh really go back to what uh 846 00:35:02,567 --> 00:35:03,700 really go back to what uh directed to graph described I 847 00:35:03,700 --> 00:35:06,467 directed to graph described I mean we do face a fundamental 848 00:35:06,467 --> 00:35:08,600 mean we do face a fundamental issues around investment and 849 00:35:08,600 --> 00:35:10,467 issues around investment and this is where I think the first 850 00:35:10,467 --> 00:35:12,267 this is where I think the first question that you asked about 851 00:35:12,267 --> 00:35:13,933 question that you asked about the tension between the 852 00:35:13,933 --> 00:35:15,199 the tension between the recovery and the pandemic to me 853 00:35:15,199 --> 00:35:17,167 recovery and the pandemic to me shows a trade. That we are 854 00:35:17,167 --> 00:35:19,067 shows a trade. That we are facing now because on the 855 00:35:19,067 --> 00:35:21,467 facing now because on the investment front, we already 856 00:35:21,467 --> 00:35:23,967 investment front, we already found it difficult. to find 857 00:35:23,967 --> 00:35:25,933 found it difficult. to find sufficient funds to address the 858 00:35:25,933 --> 00:35:27,834 sufficient funds to address the many the many priorities that 859 00:35:27,834 --> 00:35:29,299 many the many priorities that we have. I think that the 860 00:35:29,299 --> 00:35:31,000 we have. I think that the current commission was very uh 861 00:35:31,000 --> 00:35:33,934 current commission was very uh visionary and in in how it 862 00:35:33,934 --> 00:35:36,401 visionary and in in how it proposed the new uh 863 00:35:36,401 --> 00:35:37,000 proposed the new uh multinational financial 864 00:35:37,000 --> 00:35:39,699 multinational financial framework uh it allotted many 865 00:35:39,699 --> 00:35:41,167 framework uh it allotted many more funds compared to the 866 00:35:41,167 --> 00:35:44,333 more funds compared to the previous term um to to digital 867 00:35:44,333 --> 00:35:45,600 previous term um to to digital but again what we’ve seen in 868 00:35:45,600 --> 00:35:47,333 but again what we’ve seen in the uh in the discussions in in 869 00:35:47,333 --> 00:35:48,600 the uh in the discussions in in the council in July and the 870 00:35:48,600 --> 00:35:49,800 the council in July and the agreement and that will go into 871 00:35:49,800 --> 00:35:52,000 agreement and that will go into the discussion. Parliament to 872 00:35:52,000 --> 00:35:54,333 the discussion. Parliament to that effectively uh if you see 873 00:35:54,333 --> 00:35:56,233 that effectively uh if you see the MFF first the recovery 874 00:35:56,233 --> 00:35:58,533 the MFF first the recovery fund, the recovery Fund is one 875 00:35:58,533 --> 00:35:59,967 fund, the recovery Fund is one of the additional parts of the 876 00:35:59,967 --> 00:36:02,600 of the additional parts of the MF have been cut uh and you 877 00:36:02,600 --> 00:36:04,333 MF have been cut uh and you know we see more more loans as 878 00:36:04,333 --> 00:36:06,700 know we see more more loans as opposed to grants. So I think 879 00:36:06,700 --> 00:36:08,200 opposed to grants. So I think the digital part has suffered 880 00:36:08,200 --> 00:36:09,533 the digital part has suffered because we also need to 881 00:36:09,533 --> 00:36:12,167 because we also need to consider the the recovery uh 882 00:36:12,167 --> 00:36:13,400 consider the the recovery uh the the recovery efforts and 883 00:36:13,400 --> 00:36:14,733 the the recovery efforts and there is a trade off there. so 884 00:36:14,733 --> 00:36:16,333 there is a trade off there. so this poses fundamental 885 00:36:16,333 --> 00:36:18,166 this poses fundamental questions as to how we invest 886 00:36:18,166 --> 00:36:20,433 questions as to how we invest that money, which to me. That 887 00:36:20,433 --> 00:36:22,967 that money, which to me. That you know we need to be a wiser 888 00:36:22,967 --> 00:36:25,400 you know we need to be a wiser in how we invest it both in in 889 00:36:25,400 --> 00:36:27,700 in how we invest it both in in in what we identify as 890 00:36:27,700 --> 00:36:29,933 in what we identify as priorities for investment uh 891 00:36:29,933 --> 00:36:33,299 priorities for investment uh and how we uh try to coordinate 892 00:36:33,299 --> 00:36:35,866 and how we uh try to coordinate investment between the European 893 00:36:35,866 --> 00:36:36,667 investment between the European funds and the funds that will 894 00:36:36,667 --> 00:36:38,800 funds and the funds that will be allotted nationally so that 895 00:36:38,800 --> 00:36:40,367 be allotted nationally so that we don’t spend money in very 896 00:36:40,367 --> 00:36:41,667 we don’t spend money in very small pockets that ultimately 897 00:36:41,667 --> 00:36:43,767 small pockets that ultimately don’t contribute to a unified 898 00:36:43,767 --> 00:36:46,767 don’t contribute to a unified sort of a set of efforts um and 899 00:36:46,767 --> 00:36:48,200 sort of a set of efforts um and this will be fundamental 900 00:36:48,200 --> 00:36:49,400 this will be fundamental questions because there’s not a 901 00:36:49,400 --> 00:36:50,900 questions because there’s not a whole lot of money and if we 902 00:36:50,900 --> 00:36:52,400 whole lot of money and if we wanna talk about, you know the 903 00:36:52,400 --> 00:36:54,600 wanna talk about, you know the big words of sovereignty 904 00:36:54,600 --> 00:36:55,533 big words of sovereignty autonomy, I think we need to 905 00:36:55,533 --> 00:36:57,967 autonomy, I think we need to put. Our money where our mouth 906 00:36:57,967 --> 00:36:59,333 put. Our money where our mouth is, and we need to make sure 907 00:36:59,333 --> 00:37:03,034 is, and we need to make sure that the money is sufficient um 908 00:37:03,034 --> 00:37:05,867 that the money is sufficient um and we again chronically face 909 00:37:05,867 --> 00:37:08,467 and we again chronically face these the questions around the 910 00:37:08,467 --> 00:37:11,767 these the questions around the role of competition policy uh 911 00:37:11,767 --> 00:37:14,767 role of competition policy uh and should I add a regulation 912 00:37:14,767 --> 00:37:16,400 and should I add a regulation um uh and you know in 913 00:37:16,400 --> 00:37:19,801 um uh and you know in generating competition and 914 00:37:19,801 --> 00:37:20,334 generating competition and competitiveness, and I think 915 00:37:20,334 --> 00:37:21,833 competitiveness, and I think the next speaker will expand on 916 00:37:21,833 --> 00:37:25,333 the next speaker will expand on this uh go but I think uh 917 00:37:25,333 --> 00:37:26,000 this uh go but I think uh irrespective of what one’s 918 00:37:26,000 --> 00:37:27,899 irrespective of what one’s opinion is about the new 919 00:37:27,899 --> 00:37:30,401 opinion is about the new competition tool. tool uh or. 920 00:37:30,401 --> 00:37:32,733 competition tool. tool uh or. That DSA, I think we need to 921 00:37:32,733 --> 00:37:35,333 That DSA, I think we need to keep in mind, ultimately that 922 00:37:35,333 --> 00:37:37,900 keep in mind, ultimately that you know uh competition, policy 923 00:37:37,900 --> 00:37:39,367 you know uh competition, policy and regulation are not the same 924 00:37:39,367 --> 00:37:40,666 and regulation are not the same thing as industrial policy. 925 00:37:40,666 --> 00:37:41,767 thing as industrial policy. We’re facing, I think with 926 00:37:41,767 --> 00:37:43,666 We’re facing, I think with these issues fundamental 927 00:37:43,666 --> 00:37:46,000 these issues fundamental industrial policy questions uh 928 00:37:46,000 --> 00:37:47,866 industrial policy questions uh that cannot be solved in a 929 00:37:47,866 --> 00:37:49,834 that cannot be solved in a laterally through other means 930 00:37:49,834 --> 00:37:51,267 laterally through other means other means like competition 931 00:37:51,267 --> 00:37:53,800 other means like competition policy can uh you know, write 932 00:37:53,800 --> 00:37:57,767 policy can uh you know, write some wrongs. Uh you know 933 00:37:57,767 --> 00:37:58,534 some wrongs. Uh you know recreate competitive conditions 934 00:37:58,534 --> 00:38:01,500 recreate competitive conditions on the market if competition is 935 00:38:01,500 --> 00:38:03,700 on the market if competition is lacking regulation. Fix some 936 00:38:03,700 --> 00:38:05,033 lacking regulation. Fix some wrongs or lay down ground rules 937 00:38:05,033 --> 00:38:07,233 wrongs or lay down ground rules that we think as a society or 938 00:38:07,233 --> 00:38:08,867 that we think as a society or or uh practical and acceptable 939 00:38:08,867 --> 00:38:10,567 or uh practical and acceptable and that we want to promote but 940 00:38:10,567 --> 00:38:13,200 and that we want to promote but they cannot create you know the 941 00:38:13,200 --> 00:38:14,267 they cannot create you know the next start up in unilaterally 942 00:38:14,267 --> 00:38:16,000 next start up in unilaterally you need other things for uh 943 00:38:16,000 --> 00:38:17,833 you need other things for uh for that and you know this goes 944 00:38:17,833 --> 00:38:19,667 for that and you know this goes back to another of a director 945 00:38:19,667 --> 00:38:21,833 back to another of a director to grasp points about um about 946 00:38:21,833 --> 00:38:23,901 to grasp points about um about skills. I mean there’s a lot 947 00:38:23,901 --> 00:38:26,467 skills. I mean there’s a lot that that Europe I think uh 948 00:38:26,467 --> 00:38:28,000 that that Europe I think uh could do in collaboration with 949 00:38:28,000 --> 00:38:30,334 could do in collaboration with the members states to uh to 950 00:38:30,334 --> 00:38:32,400 the members states to uh to increase the skills base uh and 951 00:38:32,400 --> 00:38:34,234 increase the skills base uh and do other things like increasing 952 00:38:34,234 --> 00:38:35,867 do other things like increasing collaboration between academia 953 00:38:35,867 --> 00:38:40,234 collaboration between academia and business. Uh direct deaf 954 00:38:40,234 --> 00:38:42,434 and business. Uh direct deaf also clearly mentioned uh the 955 00:38:42,434 --> 00:38:44,800 also clearly mentioned uh the the uh the ultimate goal of 956 00:38:44,800 --> 00:38:46,200 the uh the ultimate goal of completing the single market. 957 00:38:46,200 --> 00:38:47,733 completing the single market. This is still one thing that we 958 00:38:47,733 --> 00:38:51,400 This is still one thing that we tend to uh to underestimate uh 959 00:38:51,400 --> 00:38:53,000 tend to uh to underestimate uh we tend to uh to forget the 960 00:38:53,000 --> 00:38:55,333 we tend to uh to forget the complexity of a market such as 961 00:38:55,333 --> 00:38:57,733 complexity of a market such as Europe uh and you know got that 962 00:38:57,733 --> 00:38:59,633 Europe uh and you know got that the US is a is a contrary to 963 00:38:59,633 --> 00:39:00,867 the US is a is a contrary to what we think is also a very 964 00:39:00,867 --> 00:39:02,433 what we think is also a very complex market, particularly 965 00:39:02,433 --> 00:39:04,899 complex market, particularly from a legal standpoint that 966 00:39:04,899 --> 00:39:05,933 from a legal standpoint that the companies have to comply 967 00:39:05,933 --> 00:39:07,266 the companies have to comply with. but think uh we have to 968 00:39:07,266 --> 00:39:09,400 with. but think uh we have to be smart. Probably in the US 969 00:39:09,400 --> 00:39:10,800 be smart. Probably in the US because we have other issues 970 00:39:10,800 --> 00:39:12,233 because we have other issues that the US doesn’t have the 971 00:39:12,233 --> 00:39:14,000 that the US doesn’t have the many languages that we have the 972 00:39:14,000 --> 00:39:15,633 many languages that we have the different cultures that we have 973 00:39:15,633 --> 00:39:17,467 different cultures that we have uh and and and clearly the 974 00:39:17,467 --> 00:39:18,366 uh and and and clearly the different legal regimes that we 975 00:39:18,366 --> 00:39:20,334 different legal regimes that we have on top of that. so that 976 00:39:20,334 --> 00:39:21,400 have on top of that. so that probably requires us to be 977 00:39:21,400 --> 00:39:22,000 probably requires us to be smarter in how we go about 978 00:39:22,000 --> 00:39:23,866 smarter in how we go about doing that. It’s not an easy 979 00:39:23,866 --> 00:39:28,467 doing that. It’s not an easy task at all. uh um and uh and 980 00:39:28,467 --> 00:39:33,800 task at all. uh um and uh and then clearly there’s the um the 981 00:39:33,800 --> 00:39:36,299 then clearly there’s the um the uh the the issue of what we do 982 00:39:36,299 --> 00:39:39,567 uh the the issue of what we do with the money provided we we 983 00:39:39,567 --> 00:39:40,867 with the money provided we we get sufficient funds and this 984 00:39:40,867 --> 00:39:43,299 get sufficient funds and this is one. Question where I think 985 00:39:43,299 --> 00:39:44,667 is one. Question where I think the discussions about 986 00:39:44,667 --> 00:39:47,000 the discussions about sovereignty and autonomy still 987 00:39:47,000 --> 00:39:48,400 sovereignty and autonomy still tend to be painstakingly 988 00:39:48,400 --> 00:39:50,866 tend to be painstakingly binary. Uh I think there’s a 989 00:39:50,866 --> 00:39:51,667 binary. Uh I think there’s a good discussion about autonomy 990 00:39:51,667 --> 00:39:53,167 good discussion about autonomy that talks about the 991 00:39:53,167 --> 00:39:54,633 that talks about the fundamental skills and 992 00:39:54,633 --> 00:39:56,334 fundamental skills and capacities that you need to 993 00:39:56,334 --> 00:39:59,201 capacities that you need to have uh to be a responsible uh 994 00:39:59,201 --> 00:40:02,800 have uh to be a responsible uh democratic uh uh society and 995 00:40:02,800 --> 00:40:05,767 democratic uh uh society and democracy um and there’s also 996 00:40:05,767 --> 00:40:07,200 democracy um and there’s also the other side of the equation 997 00:40:07,200 --> 00:40:10,600 the other side of the equation that you know uh surely thinks 998 00:40:10,600 --> 00:40:12,533 that you know uh surely thinks of the other in the equations 999 00:40:12,533 --> 00:40:13,933 of the other in the equations of purely thinks of you know 1000 00:40:13,933 --> 00:40:15,967 of purely thinks of you know the development uh in the tech 1001 00:40:15,967 --> 00:40:19,233 the development uh in the tech world that. In the US and China 1002 00:40:19,233 --> 00:40:21,066 world that. In the US and China and purely tries to describe 1003 00:40:21,066 --> 00:40:24,233 and purely tries to describe it, you know as evil uh in a 1004 00:40:24,233 --> 00:40:26,400 it, you know as evil uh in a sense and tries to uh create 1005 00:40:26,400 --> 00:40:28,367 sense and tries to uh create capacity in Europe, but not as 1006 00:40:28,367 --> 00:40:29,767 capacity in Europe, but not as new capacity with simply 1007 00:40:29,767 --> 00:40:31,233 new capacity with simply replacing external capacity, 1008 00:40:31,233 --> 00:40:32,767 replacing external capacity, which if I go back to the 1009 00:40:32,767 --> 00:40:35,400 which if I go back to the foundations of economic theory 1010 00:40:35,400 --> 00:40:36,867 foundations of economic theory from my university days, it’s 1011 00:40:36,867 --> 00:40:38,234 from my university days, it’s not necessarily the best way uh 1012 00:40:38,234 --> 00:40:40,933 not necessarily the best way uh to generate wealth um overall, 1013 00:40:40,933 --> 00:40:42,467 to generate wealth um overall, so I think we need to figure 1014 00:40:42,467 --> 00:40:44,666 so I think we need to figure out where we sit in the global 1015 00:40:44,666 --> 00:40:45,433 out where we sit in the global value chain and where we need 1016 00:40:45,433 --> 00:40:47,567 value chain and where we need to invest. Very unlikely that 1017 00:40:47,567 --> 00:40:50,266 to invest. Very unlikely that will be able to replace 1018 00:40:50,266 --> 00:40:52,667 will be able to replace everything um one example being 1019 00:40:52,667 --> 00:40:54,200 everything um one example being the discussion about 1020 00:40:54,200 --> 00:40:55,234 the discussion about manufacturing and you know 1021 00:40:55,234 --> 00:40:56,767 manufacturing and you know putting manufacturing back back 1022 00:40:56,767 --> 00:40:59,867 putting manufacturing back back uh in Europe uh the same 1023 00:40:59,867 --> 00:41:01,634 uh in Europe uh the same discussion is happening in the 1024 00:41:01,634 --> 00:41:02,533 discussion is happening in the US. Uh I think they’re they’re 1025 00:41:02,533 --> 00:41:04,167 US. Uh I think they’re they’re uh you know there’s a clear 1026 00:41:04,167 --> 00:41:06,300 uh you know there’s a clear drive and bring back some tech 1027 00:41:06,300 --> 00:41:07,934 drive and bring back some tech manufacturing to the US, but 1028 00:41:07,934 --> 00:41:09,767 manufacturing to the US, but that’s only because there’s 1029 00:41:09,767 --> 00:41:11,267 that’s only because there’s there hasn’t really been much 1030 00:41:11,267 --> 00:41:12,700 there hasn’t really been much tech manufacturing in the US. 1031 00:41:12,700 --> 00:41:14,800 tech manufacturing in the US. uh as as of late, so it’s 1032 00:41:14,800 --> 00:41:17,066 uh as as of late, so it’s probably in the. It’s not a 1033 00:41:17,066 --> 00:41:17,933 probably in the. It’s not a measure of success in of 1034 00:41:17,933 --> 00:41:19,034 measure of success in of itself, but on the other hand, 1035 00:41:19,034 --> 00:41:21,234 itself, but on the other hand, you know we do have some more 1036 00:41:21,234 --> 00:41:22,367 you know we do have some more traditional manufacturing in 1037 00:41:22,367 --> 00:41:24,133 traditional manufacturing in Europe. They’re very strong in 1038 00:41:24,133 --> 00:41:26,734 Europe. They’re very strong in uh so uh digital transformation 1039 00:41:26,734 --> 00:41:29,234 uh so uh digital transformation of traditional industries The 1040 00:41:29,234 --> 00:41:30,533 of traditional industries The IOT transformation These are 1041 00:41:30,533 --> 00:41:31,967 IOT transformation These are probably areas where uh we do 1042 00:41:31,967 --> 00:41:33,400 probably areas where uh we do have a competitive advantage 1043 00:41:33,400 --> 00:41:35,300 have a competitive advantage already and so we need to tap 1044 00:41:35,300 --> 00:41:36,834 already and so we need to tap into that and tune in to that 1045 00:41:36,834 --> 00:41:39,400 into that and tune in to that part of the market where uh we 1046 00:41:39,400 --> 00:41:41,733 part of the market where uh we do have quite uh quite a lot of 1047 00:41:41,733 --> 00:41:42,733 do have quite uh quite a lot of strengths and we’re probably we 1048 00:41:42,733 --> 00:41:44,267 strengths and we’re probably we also have you know quite 1049 00:41:44,267 --> 00:41:45,067 also have you know quite interesting parallels with 1050 00:41:45,067 --> 00:41:47,534 interesting parallels with other. Such as Japan, for 1051 00:41:47,534 --> 00:41:48,400 other. Such as Japan, for instance, but you’re not 1052 00:41:48,400 --> 00:41:49,767 instance, but you’re not usually part of of of these 1053 00:41:49,767 --> 00:41:51,467 usually part of of of these discussions so I’ll I’ll 1054 00:41:51,467 --> 00:41:53,767 discussions so I’ll I’ll probably stop at that and and 1055 00:41:53,767 --> 00:41:57,333 probably stop at that and and look forward to the uh to the 1056 00:41:57,333 --> 00:42:00,234 look forward to the uh to the discussion. Thank you. Good 1057 00:42:00,234 --> 00:42:01,767 discussion. Thank you. Good well, Thank you very much for 1058 00:42:01,767 --> 00:42:04,167 well, Thank you very much for that again, a very thoughtful 1059 00:42:04,167 --> 00:42:05,134 that again, a very thoughtful contribution and uh without 1060 00:42:05,134 --> 00:42:06,866 contribution and uh without losing any time I’d like to 1061 00:42:06,866 --> 00:42:08,367 losing any time I’d like to move to yours. The clock is 1062 00:42:08,367 --> 00:42:09,866 move to yours. The clock is ticking and we can’t run over 1063 00:42:09,866 --> 00:42:12,433 ticking and we can’t run over so uh so with that we need to 1064 00:42:12,433 --> 00:42:14,800 so uh so with that we need to keep it moving. Thank you yours 1065 00:42:14,800 --> 00:42:17,667 keep it moving. Thank you yours over you you get to bat cleanup 1066 00:42:17,667 --> 00:42:20,966 over you you get to bat cleanup go for it. 1067 00:42:23,866 --> 00:42:27,800 Thanks, thanks a lot um so um I 1068 00:42:27,800 --> 00:42:31,800 Thanks, thanks a lot um so um I think uh this crisis as um uh 1069 00:42:31,800 --> 00:42:34,200 think uh this crisis as um uh all speakers so that investment 1070 00:42:34,200 --> 00:42:35,600 all speakers so that investment digital infrastructure as well 1071 00:42:35,600 --> 00:42:37,200 digital infrastructure as well uh in digital skills can 1072 00:42:37,200 --> 00:42:39,967 uh in digital skills can accelerate recovery the path of 1073 00:42:39,967 --> 00:42:41,599 accelerate recovery the path of Europe for the recovery. Uh we 1074 00:42:41,599 --> 00:42:44,200 Europe for the recovery. Uh we have seen that the the uh 1075 00:42:44,200 --> 00:42:46,266 have seen that the the uh donations can be really 1076 00:42:46,266 --> 00:42:47,267 donations can be really important and especially given 1077 00:42:47,267 --> 00:42:49,133 important and especially given that you are still under 1078 00:42:49,133 --> 00:42:50,733 that you are still under uncertainty about uh for how 1079 00:42:50,733 --> 00:42:54,267 uncertainty about uh for how long um this crisis is pandemic 1080 00:42:54,267 --> 00:42:55,767 long um this crisis is pandemic will uh continue influencing 1081 00:42:55,767 --> 00:42:57,200 will uh continue influencing our daily lives and work um 1082 00:42:57,200 --> 00:42:59,200 our daily lives and work um this of course. Have a 1083 00:42:59,200 --> 00:43:00,801 this of course. Have a differential impact on 1084 00:43:00,801 --> 00:43:03,300 differential impact on different sector depend sectors 1085 00:43:03,300 --> 00:43:04,699 different sector depend sectors depending on to the extent they 1086 00:43:04,699 --> 00:43:06,266 depending on to the extent they are relying on digital 1087 00:43:06,266 --> 00:43:07,934 are relying on digital channels, and this should be 1088 00:43:07,934 --> 00:43:10,234 channels, and this should be taken into account and requires 1089 00:43:10,234 --> 00:43:11,966 taken into account and requires the extra coordination on the 1090 00:43:11,966 --> 00:43:15,533 the extra coordination on the investment strategy that will 1091 00:43:15,533 --> 00:43:18,300 investment strategy that will adopt uh for the recovery um 1092 00:43:18,300 --> 00:43:20,867 adopt uh for the recovery um but um uh a key point that uh 1093 00:43:20,867 --> 00:43:23,334 but um uh a key point that uh will play for sure at all is 1094 00:43:23,334 --> 00:43:24,967 will play for sure at all is Europe observation uh your 1095 00:43:24,967 --> 00:43:26,766 Europe observation uh your second point during the 1096 00:43:26,766 --> 00:43:30,167 second point during the interaction that. 1097 00:44:30,133 --> 00:44:32,699 Imposing constraints in the 1098 00:44:32,699 --> 00:44:34,900 Imposing constraints in the entry and the operation or 1099 00:44:34,900 --> 00:44:36,733 entry and the operation or operation of some digital firms 1100 00:44:36,733 --> 00:44:38,533 operation of some digital firms to provide a room for growth 1101 00:44:38,533 --> 00:44:40,733 to provide a room for growth for European competitors or 1102 00:44:40,733 --> 00:44:42,266 for European competitors or even to then competition rules 1103 00:44:42,266 --> 00:44:44,733 even to then competition rules to allow for example, market 1104 00:44:44,733 --> 00:44:46,367 to allow for example, market consolidations uh between 1105 00:44:46,367 --> 00:44:47,834 consolidations uh between European firms so that they can 1106 00:44:47,834 --> 00:44:51,034 European firms so that they can grow in this way uh even if um 1107 00:44:51,034 --> 00:44:52,767 grow in this way uh even if um these measures by EU 1108 00:44:52,767 --> 00:44:55,733 these measures by EU competition is found that the 1109 00:44:55,733 --> 00:44:56,767 competition is found that the competitive to be more 1110 00:44:56,767 --> 00:44:57,633 competitive to be more effective competitors in the 1111 00:44:57,633 --> 00:45:00,600 effective competitors in the global scale. Uh by having this 1112 00:45:00,600 --> 00:45:03,833 global scale. Uh by having this um approach of protections uh 1113 00:45:03,833 --> 00:45:06,800 um approach of protections uh we basically um uh some 1114 00:45:06,800 --> 00:45:09,500 we basically um uh some problems uh we have some 1115 00:45:09,500 --> 00:45:10,933 problems uh we have some problems and this is the reason 1116 00:45:10,933 --> 00:45:12,200 problems and this is the reason I don’t agree with this 1117 00:45:12,200 --> 00:45:14,367 I don’t agree with this approach. The the first one is 1118 00:45:14,367 --> 00:45:15,634 approach. The the first one is that this product is not 1119 00:45:15,634 --> 00:45:18,833 that this product is not consumer centered if some firms 1120 00:45:18,833 --> 00:45:20,000 consumer centered if some firms provide high quality products 1121 00:45:20,000 --> 00:45:22,434 provide high quality products and efficient services, uh then 1122 00:45:22,434 --> 00:45:24,133 and efficient services, uh then they should be uh allowed 1123 00:45:24,133 --> 00:45:25,733 they should be uh allowed without constraints to operate 1124 00:45:25,733 --> 00:45:27,034 without constraints to operate in the European market, no 1125 00:45:27,034 --> 00:45:30,500 in the European market, no matter uh. 1126 00:46:35,199 --> 00:46:37,934 To this information can lead to 1127 00:46:37,934 --> 00:46:39,367 To this information can lead to better ideas for digital 1128 00:46:39,367 --> 00:46:41,167 better ideas for digital applications can lead to 1129 00:46:41,167 --> 00:46:42,899 applications can lead to attraction of talent uh 1130 00:46:42,899 --> 00:46:45,834 attraction of talent uh traction of financing uh and 1131 00:46:45,834 --> 00:46:47,300 traction of financing uh and eventually can lead to market 1132 00:46:47,300 --> 00:46:51,034 eventually can lead to market expansion and growth. uh so 1133 00:46:51,034 --> 00:46:52,866 expansion and growth. uh so given the digital systems and 1134 00:46:52,866 --> 00:46:56,299 given the digital systems and in particular big platform 1135 00:46:56,299 --> 00:46:58,800 in particular big platform ecosystems um uh uh seem to be 1136 00:46:58,800 --> 00:47:01,799 ecosystems um uh uh seem to be um eco markets. uh with great 1137 00:47:01,799 --> 00:47:02,866 um eco markets. uh with great information asymmetries, I 1138 00:47:02,866 --> 00:47:06,966 information asymmetries, I think uh uh. 1139 00:48:08,333 --> 00:48:12,367 The open banking program uh 1140 00:48:12,367 --> 00:48:14,900 The open banking program uh GDPR provides data portability 1141 00:48:14,900 --> 00:48:16,700 GDPR provides data portability rights uh for data transfers, 1142 00:48:16,700 --> 00:48:19,434 rights uh for data transfers, so we can’t think for a ways on 1143 00:48:19,434 --> 00:48:21,799 so we can’t think for a ways on how we can redistribute this 1144 00:48:21,799 --> 00:48:23,466 how we can redistribute this information. but for sure we 1145 00:48:23,466 --> 00:48:26,700 information. but for sure we need uh regulation for this uh 1146 00:48:26,700 --> 00:48:28,200 need uh regulation for this uh that takes into account the 1147 00:48:28,200 --> 00:48:28,899 that takes into account the technical compatibility is 1148 00:48:28,899 --> 00:48:31,166 technical compatibility is needed for that information 1149 00:48:31,166 --> 00:48:33,100 needed for that information sharing uh but also that allows 1150 00:48:33,100 --> 00:48:35,967 sharing uh but also that allows that could be uh of data 1151 00:48:35,967 --> 00:48:39,100 that could be uh of data setting um. 1152 00:49:06,266 --> 00:49:08,767 And make less mistakes uh in 1153 00:49:08,767 --> 00:49:11,167 And make less mistakes uh in the process of evaluating at 1154 00:49:11,167 --> 00:49:13,066 the process of evaluating at the competitive strats now if 1155 00:49:13,066 --> 00:49:15,466 the competitive strats now if we have a regulatory framework 1156 00:49:15,466 --> 00:49:18,334 we have a regulatory framework of transparency and information 1157 00:49:18,334 --> 00:49:19,933 of transparency and information sharing uh competition policy 1158 00:49:19,933 --> 00:49:22,234 sharing uh competition policy can work more effectively and 1159 00:49:22,234 --> 00:49:23,934 can work more effectively and um I would like to propose in 1160 00:49:23,934 --> 00:49:26,167 um I would like to propose in this dimension uh something 1161 00:49:26,167 --> 00:49:27,500 this dimension uh something that has been proposed for the 1162 00:49:27,500 --> 00:49:29,967 that has been proposed for the UK and we see uh that uh there 1163 00:49:29,967 --> 00:49:32,801 UK and we see uh that uh there are some initiates this 1164 00:49:32,801 --> 00:49:34,200 are some initiates this direction to adopt a kind of 1165 00:49:34,200 --> 00:49:37,800 direction to adopt a kind of conduct that um uh provides 1166 00:49:37,800 --> 00:49:39,734 conduct that um uh provides transparency offered uh over 1167 00:49:39,734 --> 00:49:40,766 transparency offered uh over what strategies may be 1168 00:49:40,766 --> 00:49:44,866 what strategies may be problematic at the competitive. 1169 00:50:12,767 --> 00:50:14,167 Know how to behave in their 1170 00:50:14,167 --> 00:50:16,733 Know how to behave in their ecosystem in that there was 1171 00:50:16,733 --> 00:50:19,234 ecosystem in that there was also the point about industrial 1172 00:50:19,234 --> 00:50:21,533 also the point about industrial policy on uh and uh and 1173 00:50:21,533 --> 00:50:23,299 policy on uh and uh and competition policy that was uh 1174 00:50:23,299 --> 00:50:25,234 competition policy that was uh very nicely. put by Philippine. 1175 00:50:25,234 --> 00:50:27,700 very nicely. put by Philippine. uh I would uh I would like to 1176 00:50:27,700 --> 00:50:29,534 uh I would uh I would like to say close with that, but it 1177 00:50:29,534 --> 00:50:33,133 say close with that, but it does police uh investment 1178 00:50:33,133 --> 00:50:34,233 does police uh investment coordinates the coordinated 1179 00:50:34,233 --> 00:50:36,734 coordinates the coordinated strategies can work the best 1180 00:50:36,734 --> 00:50:38,333 strategies can work the best when we have competitive 1181 00:50:38,333 --> 00:50:39,967 when we have competitive markets with clear transparent 1182 00:50:39,967 --> 00:50:44,700 markets with clear transparent rules when we have trust. 1183 00:51:37,233 --> 00:51:38,866 For Europe to set global 1184 00:51:38,866 --> 00:51:40,233 For Europe to set global standards and technology in the 1185 00:51:40,233 --> 00:51:41,900 standards and technology in the future, if there are no 1186 00:51:41,900 --> 00:51:43,767 future, if there are no globally leading tech companies 1187 00:51:43,767 --> 00:51:45,366 globally leading tech companies from Europe, what impact would 1188 00:51:45,366 --> 00:51:47,234 from Europe, what impact would we have and I think I brought 1189 00:51:47,234 --> 00:51:47,967 we have and I think I brought this a bit beyond the 1190 00:51:47,967 --> 00:51:49,533 this a bit beyond the standards. What impact do we 1191 00:51:49,533 --> 00:51:50,767 standards. What impact do we have on the technology seen in 1192 00:51:50,767 --> 00:51:52,333 have on the technology seen in general if we don’t have enough 1193 00:51:52,333 --> 00:51:54,767 general if we don’t have enough leading companies um uh 1194 00:51:54,767 --> 00:51:56,433 leading companies um uh assuming everyone has something 1195 00:51:56,433 --> 00:51:57,600 assuming everyone has something to say on that, uh do you want 1196 00:51:57,600 --> 00:52:00,567 to say on that, uh do you want to go first? Yes. Um I believe 1197 00:52:00,567 --> 00:52:03,134 to go first? Yes. Um I believe that uh Europe has already so 1198 00:52:03,134 --> 00:52:05,201 that uh Europe has already so uh it’s ability to set the 1199 00:52:05,201 --> 00:52:07,134 uh it’s ability to set the global standards and uh I will 1200 00:52:07,134 --> 00:52:12,167 global standards and uh I will refer to examples um this. 1201 00:52:46,666 --> 00:52:49,634 More transparent ecosystem and 1202 00:52:49,634 --> 00:52:51,633 More transparent ecosystem and the platform in system so we 1203 00:52:51,633 --> 00:52:53,733 the platform in system so we see again that when there is a 1204 00:52:53,733 --> 00:52:56,299 see again that when there is a strong will to move forward, uh 1205 00:52:56,299 --> 00:52:58,767 strong will to move forward, uh we can be quite influential. 1206 00:52:58,767 --> 00:53:00,300 we can be quite influential. also in other parts of the 1207 00:53:00,300 --> 00:53:02,667 also in other parts of the world, even if we lack the 1208 00:53:02,667 --> 00:53:05,966 world, even if we lack the scaling in our European films, 1209 00:53:05,966 --> 00:53:08,434 scaling in our European films, Thank you uh Alberta. Yeah. 1210 00:53:08,434 --> 00:53:10,733 Thank you uh Alberta. Yeah. Well, I think fundamentally 1211 00:53:10,733 --> 00:53:13,167 Well, I think fundamentally Europe is in remains and will 1212 00:53:13,167 --> 00:53:13,667 Europe is in remains and will remain for the foreseeable 1213 00:53:13,667 --> 00:53:15,733 remain for the foreseeable future, the largest market in 1214 00:53:15,733 --> 00:53:17,733 future, the largest market in in the Western world that in of 1215 00:53:17,733 --> 00:53:18,900 in the Western world that in of itself gives it uh you know 1216 00:53:18,900 --> 00:53:19,933 itself gives it uh you know huge power to set the rules of 1217 00:53:19,933 --> 00:53:22,733 huge power to set the rules of the game, which is another. I 1218 00:53:22,733 --> 00:53:23,634 the game, which is another. I think that I’ve always found 1219 00:53:23,634 --> 00:53:25,900 think that I’ve always found you know unclear about uh you 1220 00:53:25,900 --> 00:53:27,734 you know unclear about uh you know the fact that now all of a 1221 00:53:27,734 --> 00:53:28,967 know the fact that now all of a sudden we seem to be setting 1222 00:53:28,967 --> 00:53:29,967 sudden we seem to be setting rules that everybody seems to 1223 00:53:29,967 --> 00:53:30,866 rules that everybody seems to follow. We’ve always set rules 1224 00:53:30,866 --> 00:53:31,534 follow. We’ve always set rules that everybody has had to 1225 00:53:31,534 --> 00:53:32,434 that everybody has had to follow if they wanna do 1226 00:53:32,434 --> 00:53:34,000 follow if they wanna do business in Europe um so that 1227 00:53:34,000 --> 00:53:35,466 business in Europe um so that has always been the case and we 1228 00:53:35,466 --> 00:53:37,133 has always been the case and we have a very strong you know 1229 00:53:37,133 --> 00:53:38,866 have a very strong you know system for especially you know 1230 00:53:38,866 --> 00:53:40,533 system for especially you know the technical aspects of the 1231 00:53:40,533 --> 00:53:41,600 the technical aspects of the single market that will that 1232 00:53:41,600 --> 00:53:42,833 single market that will that will only continue and then I 1233 00:53:42,833 --> 00:53:45,266 will only continue and then I can only uh mention again the 1234 00:53:45,266 --> 00:53:48,266 can only uh mention again the GDPR uh example, as one example 1235 00:53:48,266 --> 00:53:50,000 GDPR uh example, as one example that has generated a culture of 1236 00:53:50,000 --> 00:53:51,733 that has generated a culture of compliance for global 1237 00:53:51,733 --> 00:53:53,467 compliance for global businesses that I think has 1238 00:53:53,467 --> 00:53:56,000 businesses that I think has percolated. Globally uh through 1239 00:53:56,000 --> 00:53:57,967 percolated. Globally uh through their their operations and 1240 00:53:57,967 --> 00:53:59,733 their their operations and respective of the legal changes 1241 00:53:59,733 --> 00:54:00,900 respective of the legal changes that we’re seeing now, for 1242 00:54:00,900 --> 00:54:02,299 that we’re seeing now, for example, in some US states so 1243 00:54:02,299 --> 00:54:03,967 example, in some US states so uh definitely the just the fact 1244 00:54:03,967 --> 00:54:06,200 uh definitely the just the fact that we can leverage the rules 1245 00:54:06,200 --> 00:54:08,000 that we can leverage the rules of the internal market. I think 1246 00:54:08,000 --> 00:54:10,533 of the internal market. I think can set the rules for a large 1247 00:54:10,533 --> 00:54:15,100 can set the rules for a large portion of the global market. 1248 00:54:15,233 --> 00:54:18,334 Francesca Yeah, I would say 1249 00:54:18,334 --> 00:54:20,133 Francesca Yeah, I would say that um I think that in order 1250 00:54:20,133 --> 00:54:22,400 that um I think that in order for Europe to keep having this 1251 00:54:22,400 --> 00:54:24,767 for Europe to keep having this role, which I agree in fact, 1252 00:54:24,767 --> 00:54:27,433 role, which I agree in fact, the Europe is seen as this kind 1253 00:54:27,433 --> 00:54:29,867 the Europe is seen as this kind of regulatory superpower, but 1254 00:54:29,867 --> 00:54:31,933 of regulatory superpower, but also setting standards and I 1255 00:54:31,933 --> 00:54:33,967 also setting standards and I think the standards um as I try 1256 00:54:33,967 --> 00:54:35,833 think the standards um as I try to say, have to be on the 1257 00:54:35,833 --> 00:54:39,167 to say, have to be on the question of blinking much more 1258 00:54:39,167 --> 00:54:39,801 question of blinking much more sustainability and 1259 00:54:39,801 --> 00:54:41,866 sustainability and digitization, and of course do 1260 00:54:41,866 --> 00:54:43,667 digitization, and of course do that in a democratic way. So 1261 00:54:43,667 --> 00:54:45,833 that in a democratic way. So yes, building on GDPR and some 1262 00:54:45,833 --> 00:54:47,399 yes, building on GDPR and some of the kind of leading privacy 1263 00:54:47,399 --> 00:54:49,200 of the kind of leading privacy standards, but also data 1264 00:54:49,200 --> 00:54:51,267 standards, but also data interoperability uh they. And 1265 00:54:51,267 --> 00:54:53,967 interoperability uh they. And data sovereignty, it gives you 1266 00:54:53,967 --> 00:54:55,267 data sovereignty, it gives you the possibility to build a 1267 00:54:55,267 --> 00:54:57,799 the possibility to build a platform on top of which 1268 00:54:57,799 --> 00:54:58,633 platform on top of which develop a digital society that 1269 00:54:58,633 --> 00:55:01,667 develop a digital society that will really benefit uh people 1270 00:55:01,667 --> 00:55:03,234 will really benefit uh people and also this means that we 1271 00:55:03,234 --> 00:55:03,867 and also this means that we need to understand that the 1272 00:55:03,867 --> 00:55:05,933 need to understand that the digital society is linked to 1273 00:55:05,933 --> 00:55:08,833 digital society is linked to health care mobility education 1274 00:55:08,833 --> 00:55:09,933 health care mobility education climate change, so it’s not 1275 00:55:09,933 --> 00:55:11,966 climate change, so it’s not only a technology problem. It’s 1276 00:55:11,966 --> 00:55:14,467 only a technology problem. It’s a problem for uh you know our 1277 00:55:14,467 --> 00:55:16,733 a problem for uh you know our economy in a larger scale and 1278 00:55:16,733 --> 00:55:18,700 economy in a larger scale and also uh a political capacity to 1279 00:55:18,700 --> 00:55:21,367 also uh a political capacity to really set. So I would uh 1280 00:55:21,367 --> 00:55:22,467 really set. So I would uh really agree with the question 1281 00:55:22,467 --> 00:55:24,767 really agree with the question in a sense that I think if we 1282 00:55:24,767 --> 00:55:27,534 in a sense that I think if we do not develop an industrial 1283 00:55:27,534 --> 00:55:28,733 do not develop an industrial policy in a sense of having our 1284 00:55:28,733 --> 00:55:30,467 policy in a sense of having our own technology firms investing 1285 00:55:30,467 --> 00:55:34,367 own technology firms investing in AI fiveG next generation 1286 00:55:34,367 --> 00:55:36,799 in AI fiveG next generation chips uh our clouds uh 1287 00:55:36,799 --> 00:55:38,234 chips uh our clouds uh infrastructure on top of which 1288 00:55:38,234 --> 00:55:39,733 infrastructure on top of which building the European and data 1289 00:55:39,733 --> 00:55:42,133 building the European and data trust We need that in order to 1290 00:55:42,133 --> 00:55:46,300 trust We need that in order to be able to enforce this great 1291 00:55:46,300 --> 00:55:48,400 be able to enforce this great um radical rules and this great 1292 00:55:48,400 --> 00:55:50,566 um radical rules and this great frameworks and Bands that we 1293 00:55:50,566 --> 00:55:52,767 frameworks and Bands that we have, I mean this work in the 1294 00:55:52,767 --> 00:55:54,733 have, I mean this work in the past with I advice with uh you 1295 00:55:54,733 --> 00:55:58,233 past with I advice with uh you know our um uh telephone 1296 00:55:58,233 --> 00:55:59,867 know our um uh telephone system. Four GI mean you have 1297 00:55:59,867 --> 00:56:01,367 system. Four GI mean you have been setting the standards but 1298 00:56:01,367 --> 00:56:03,966 been setting the standards but also creating an industry and 1299 00:56:03,966 --> 00:56:05,334 also creating an industry and this gives us the possibility 1300 00:56:05,334 --> 00:56:06,934 this gives us the possibility to then have a European 1301 00:56:06,934 --> 00:56:09,267 to then have a European innovation ecosystem for also 1302 00:56:09,267 --> 00:56:11,900 innovation ecosystem for also our startups and our talents 1303 00:56:11,900 --> 00:56:13,366 our startups and our talents and create better jobs and our 1304 00:56:13,366 --> 00:56:15,167 and create better jobs and our you know society to grow. so I 1305 00:56:15,167 --> 00:56:16,834 you know society to grow. so I think the the two things are 1306 00:56:16,834 --> 00:56:21,033 think the the two things are very interrelated and. 1307 00:56:25,200 --> 00:56:26,966 Thank you very much and over to 1308 00:56:26,966 --> 00:56:29,167 Thank you very much and over to you. How do we maintain our 1309 00:56:29,167 --> 00:56:30,900 you. How do we maintain our influence internationally, you 1310 00:56:30,900 --> 00:56:32,900 influence internationally, you know like standards? well? 1311 00:56:32,900 --> 00:56:35,000 know like standards? well? thank you call me three three 1312 00:56:35,000 --> 00:56:37,233 thank you call me three three remarks. I think First II want 1313 00:56:37,233 --> 00:56:38,866 remarks. I think First II want to avoid the impression that 1314 00:56:38,866 --> 00:56:40,867 to avoid the impression that somehow like you’re in union is 1315 00:56:40,867 --> 00:56:43,200 somehow like you’re in union is nowhere in advance technology. 1316 00:56:43,200 --> 00:56:45,666 nowhere in advance technology. I mean we are strong in five G. 1317 00:56:45,666 --> 00:56:47,899 I mean we are strong in five G. We will be strong in CG. We are 1318 00:56:47,899 --> 00:56:50,500 We will be strong in CG. We are in some kind of set all that 1319 00:56:50,500 --> 00:56:51,833 in some kind of set all that said they’re strong in IOT 1320 00:56:51,833 --> 00:56:53,967 said they’re strong in IOT We’re leading in IOT. We have a 1321 00:56:53,967 --> 00:56:58,334 We’re leading in IOT. We have a pretty. Impressive Myron 1322 00:56:58,334 --> 00:56:59,700 pretty. Impressive Myron industry with their own 1323 00:56:59,700 --> 00:57:01,634 industry with their own specific kind of um expertise 1324 00:57:01,634 --> 00:57:03,834 specific kind of um expertise to low power processing, which 1325 00:57:03,834 --> 00:57:05,199 to low power processing, which is extremely important. also 1326 00:57:05,199 --> 00:57:08,300 is extremely important. also for the for climate and and for 1327 00:57:08,300 --> 00:57:10,767 for the for climate and and for environmental sustainability in 1328 00:57:10,767 --> 00:57:13,267 environmental sustainability in robotics, we’re strong. uh I 1329 00:57:13,267 --> 00:57:14,967 robotics, we’re strong. uh I mean we are strong in content 1330 00:57:14,967 --> 00:57:16,333 mean we are strong in content which is coming and so we have 1331 00:57:16,333 --> 00:57:17,566 which is coming and so we have the capacity. It’s not that 1332 00:57:17,566 --> 00:57:18,867 the capacity. It’s not that kind of the European Union is 1333 00:57:18,867 --> 00:57:20,299 kind of the European Union is way behind everybody else, but 1334 00:57:20,299 --> 00:57:22,166 way behind everybody else, but but we have a challenge and and 1335 00:57:22,166 --> 00:57:23,500 but we have a challenge and and so and in those areas where we 1336 00:57:23,500 --> 00:57:26,166 so and in those areas where we are strong. IOT to understand 1337 00:57:26,166 --> 00:57:29,234 are strong. IOT to understand that it’s also the of the 1338 00:57:29,234 --> 00:57:31,667 that it’s also the of the global the global standard, so 1339 00:57:31,667 --> 00:57:33,534 global the global standard, so indeed it does help if you have 1340 00:57:33,534 --> 00:57:34,767 indeed it does help if you have strong in this piece, you have 1341 00:57:34,767 --> 00:57:37,767 strong in this piece, you have a more ability to set uh also 1342 00:57:37,767 --> 00:57:40,300 a more ability to set uh also the global status. I think the 1343 00:57:40,300 --> 00:57:41,767 the global status. I think the second point is that we should 1344 00:57:41,767 --> 00:57:42,767 second point is that we should not be looking at the 1345 00:57:42,767 --> 00:57:45,734 not be looking at the technology landscapers static 1346 00:57:45,734 --> 00:57:47,799 technology landscapers static or just kind of it. It’s been 1347 00:57:47,799 --> 00:57:49,300 or just kind of it. It’s been set. I mean where is technology 1348 00:57:49,300 --> 00:57:51,100 set. I mean where is technology going and the industrial 1349 00:57:51,100 --> 00:57:51,967 going and the industrial internet We’re going to kind of 1350 00:57:51,967 --> 00:57:54,700 internet We’re going to kind of yes we are behind and we. About 1351 00:57:54,700 --> 00:57:56,466 yes we are behind and we. About platforms that social media and 1352 00:57:56,466 --> 00:57:58,701 platforms that social media and marketplace the app store yes, 1353 00:57:58,701 --> 00:58:01,833 marketplace the app store yes, that’s where you’re nowhere but 1354 00:58:01,833 --> 00:58:03,034 that’s where you’re nowhere but in the in the in the kind of 1355 00:58:03,034 --> 00:58:04,633 in the in the in the kind of for the future, which is 1356 00:58:04,633 --> 00:58:06,766 for the future, which is actually today areas like 1357 00:58:06,766 --> 00:58:10,000 actually today areas like health like Fin tech industrial 1358 00:58:10,000 --> 00:58:12,466 health like Fin tech industrial applications, agriculture very 1359 00:58:12,466 --> 00:58:14,766 applications, agriculture very important sector, I mean the 1360 00:58:14,766 --> 00:58:16,200 important sector, I mean the European Union can lead and and 1361 00:58:16,200 --> 00:58:17,367 European Union can lead and and will be leading and there’s a 1362 00:58:17,367 --> 00:58:20,633 will be leading and there’s a lot of technology companies. I 1363 00:58:20,633 --> 00:58:22,266 lot of technology companies. I mean start ups that can grow. I 1364 00:58:22,266 --> 00:58:23,533 mean start ups that can grow. I mean look at fintech is 1365 00:58:23,533 --> 00:58:25,567 mean look at fintech is actually an area where the 1366 00:58:25,567 --> 00:58:26,966 actually an area where the European Union is, it’s called 1367 00:58:26,966 --> 00:58:28,900 European Union is, it’s called the landscape I think Georgia’s 1368 00:58:28,900 --> 00:58:33,667 the landscape I think Georgia’s referred to. To to the PSD, the 1369 00:58:33,667 --> 00:58:34,833 referred to. To to the PSD, the payment services directive to I 1370 00:58:34,833 --> 00:58:37,367 payment services directive to I mean where do you see a lot of 1371 00:58:37,367 --> 00:58:39,000 mean where do you see a lot of kind of diamond and vibrancy? 1372 00:58:39,000 --> 00:58:40,666 kind of diamond and vibrancy? Where is the European clearly 1373 00:58:40,666 --> 00:58:42,801 Where is the European clearly ahead of the US and other 1374 00:58:42,801 --> 00:58:45,266 ahead of the US and other players? I mean it’s infinite 1375 00:58:45,266 --> 00:58:46,000 players? I mean it’s infinite with a really dynamic players. 1376 00:58:46,000 --> 00:58:47,566 with a really dynamic players. so that’s that’s the second 1377 00:58:47,566 --> 00:58:50,767 so that’s that’s the second coin the the internet will be 1378 00:58:50,767 --> 00:58:51,700 coin the the internet will be changing. Also, it will become 1379 00:58:51,700 --> 00:58:53,967 changing. Also, it will become more decentralized We we’re 1380 00:58:53,967 --> 00:58:55,167 more decentralized We we’re looking at it now very much 1381 00:58:55,167 --> 00:58:56,700 looking at it now very much like all platforms and they 1382 00:58:56,700 --> 00:58:58,533 like all platforms and they will be there forever well 1383 00:58:58,533 --> 00:59:00,667 will be there forever well blockchain. Jesus in that 1384 00:59:00,667 --> 00:59:03,299 blockchain. Jesus in that generation internet has a 1385 00:59:03,299 --> 00:59:05,134 generation internet has a concept about where we will be 1386 00:59:05,134 --> 00:59:07,400 concept about where we will be moving in and it will be less 1387 00:59:07,400 --> 00:59:08,600 moving in and it will be less centralized and much more 1388 00:59:08,600 --> 00:59:11,167 centralized and much more decentralized and much more 1389 00:59:11,167 --> 00:59:12,867 decentralized and much more control for the for the 1390 00:59:12,867 --> 00:59:14,799 control for the for the individual. I think the third 1391 00:59:14,799 --> 00:59:16,300 individual. I think the third is more the regulatory side of 1392 00:59:16,300 --> 00:59:19,267 is more the regulatory side of it and I absolutely the GDPR is 1393 00:59:19,267 --> 00:59:20,534 it and I absolutely the GDPR is the world’s standards. What I 1394 00:59:20,534 --> 00:59:23,033 the world’s standards. What I like is that when we talk about 1395 00:59:23,033 --> 00:59:24,434 like is that when we talk about data, they talk 5 years ago, 1396 00:59:24,434 --> 00:59:25,967 data, they talk 5 years ago, about eight to 10 years ago 1397 00:59:25,967 --> 00:59:27,434 about eight to 10 years ago about that we almost thought 1398 00:59:27,434 --> 00:59:27,967 about that we almost thought inclusively about the 1399 00:59:27,967 --> 00:59:30,767 inclusively about the protection. Now, we’re talking 1400 00:59:30,767 --> 00:59:32,433 protection. Now, we’re talking about how can we exploit? how 1401 00:59:32,433 --> 00:59:33,967 about how can we exploit? how can we share it? How can we 1402 00:59:33,967 --> 00:59:36,233 can we share it? How can we expect value from it and use it 1403 00:59:36,233 --> 00:59:37,000 expect value from it and use it for innovation? That’s 1404 00:59:37,000 --> 00:59:38,300 for innovation? That’s different. That’s a different 1405 00:59:38,300 --> 00:59:40,366 different. That’s a different kind of message. also coming 1406 00:59:40,366 --> 00:59:41,534 kind of message. also coming out of Europe are coming out of 1407 00:59:41,534 --> 00:59:44,266 out of Europe are coming out of your emission, not say GDI less 1408 00:59:44,266 --> 00:59:45,166 your emission, not say GDI less important, but we say look, we 1409 00:59:45,166 --> 00:59:46,300 important, but we say look, we also need to make sure that 1410 00:59:46,300 --> 00:59:48,234 also need to make sure that they get the benefits that the 1411 00:59:48,234 --> 00:59:50,400 they get the benefits that the economy in society. what we’re 1412 00:59:50,400 --> 00:59:52,734 economy in society. what we’re working on now and the DSA will 1413 00:59:52,734 --> 00:59:54,734 working on now and the DSA will be the GDPR for the world. How 1414 00:59:54,734 --> 00:59:56,733 be the GDPR for the world. How do we regulate the platform 1415 00:59:56,733 --> 00:59:57,900 do we regulate the platform economy to digital services 1416 00:59:57,900 --> 00:59:58,766 economy to digital services that will set the world 1417 00:59:58,766 --> 01:00:01,833 that will set the world standard for we’re going to? 1418 01:00:01,833 --> 01:00:03,366 standard for we’re going to? Data. It’s going to be a day to 1419 01:00:03,366 --> 01:00:04,833 Data. It’s going to be a day to governance coming in October. 1420 01:00:04,833 --> 01:00:08,233 governance coming in October. it’s the day that coming next 1421 01:00:08,233 --> 01:00:09,266 it’s the day that coming next year, it’s going to become a 1422 01:00:09,266 --> 01:00:10,467 year, it’s going to become a world famous that companies are 1423 01:00:10,467 --> 01:00:11,434 world famous that companies are going to look at like how is 1424 01:00:11,434 --> 01:00:13,134 going to look at like how is the European Union dealing with 1425 01:00:13,134 --> 01:00:16,667 the European Union dealing with those really important issues? 1426 01:00:16,667 --> 01:00:17,934 those really important issues? AI Artificial intelligence 1427 01:00:17,934 --> 01:00:19,600 AI Artificial intelligence European Union not the first 1428 01:00:19,600 --> 01:00:20,900 European Union not the first 100 days as we know, but there 1429 01:00:20,900 --> 01:00:23,167 100 days as we know, but there has to be there’s still a 1430 01:00:23,167 --> 01:00:25,000 has to be there’s still a regular initiative in the works 1431 01:00:25,000 --> 01:00:26,000 regular initiative in the works for early next year. It’s been 1432 01:00:26,000 --> 01:00:28,000 for early next year. It’s been a lot of work done with high 1433 01:00:28,000 --> 01:00:28,800 a lot of work done with high level groups principles have 1434 01:00:28,800 --> 01:00:31,299 level groups principles have been set. To be the world 1435 01:00:31,299 --> 01:00:32,801 been set. To be the world standard, at least that’s if 1436 01:00:32,801 --> 01:00:34,000 standard, at least that’s if you want to do business in the 1437 01:00:34,000 --> 01:00:35,267 you want to do business in the European Union in this big 1438 01:00:35,267 --> 01:00:36,966 European Union in this big single market, but you better 1439 01:00:36,966 --> 01:00:38,334 single market, but you better comply with these principles, 1440 01:00:38,334 --> 01:00:39,934 comply with these principles, which are instilled which are 1441 01:00:39,934 --> 01:00:42,300 which are instilled which are embedded in what I think 1442 01:00:42,300 --> 01:00:43,634 embedded in what I think Francesca quite eloquently 1443 01:00:43,634 --> 01:00:45,867 Francesca quite eloquently presented. It’s like I’m I mean 1444 01:00:45,867 --> 01:00:47,367 presented. It’s like I’m I mean our democracy. I mean how we 1445 01:00:47,367 --> 01:00:49,667 our democracy. I mean how we want kind of uh uh we are our 1446 01:00:49,667 --> 01:00:51,434 want kind of uh uh we are our citizens and and in our 1447 01:00:51,434 --> 01:00:54,500 citizens and and in our societies to be protected, 1448 01:00:54,500 --> 01:00:55,534 societies to be protected, cybersecurity the same thing so 1449 01:00:55,534 --> 01:00:57,900 cybersecurity the same thing so the European Union will remain 1450 01:00:57,900 --> 01:01:01,000 the European Union will remain the lead Rule Center. Across 1451 01:01:01,000 --> 01:01:02,233 the lead Rule Center. Across the world, I mean you would 1452 01:01:02,233 --> 01:01:03,833 the world, I mean you would expect me to say that because I 1453 01:01:03,833 --> 01:01:06,600 expect me to say that because I work for the set so you but I 1454 01:01:06,600 --> 01:01:07,767 work for the set so you but I think it will happen but also 1455 01:01:07,767 --> 01:01:09,167 think it will happen but also in other areas, I think we have 1456 01:01:09,167 --> 01:01:11,200 in other areas, I think we have the technology, but we need 1457 01:01:11,200 --> 01:01:14,267 the technology, but we need more and in some areas in the 1458 01:01:14,267 --> 01:01:15,900 more and in some areas in the internet is going industrial 1459 01:01:15,900 --> 01:01:17,334 internet is going industrial internet in particular, I mean 1460 01:01:17,334 --> 01:01:19,467 internet in particular, I mean that’s where European industry 1461 01:01:19,467 --> 01:01:20,667 that’s where European industry is strong. There will be 1462 01:01:20,667 --> 01:01:22,299 is strong. There will be innovations that will be 1463 01:01:22,299 --> 01:01:23,700 innovations that will be technical um uh solutions 1464 01:01:23,700 --> 01:01:25,301 technical um uh solutions developed that obviously will 1465 01:01:25,301 --> 01:01:27,400 developed that obviously will will give us uh a strong 1466 01:01:27,400 --> 01:01:31,666 will give us uh a strong influence on the standard. 1467 01:01:31,666 --> 01:01:31,733 influence on the standard. Thank you 1468 01:01:31,733 --> 01:01:33,433 Thank you so much for for once 1469 01:01:33,433 --> 01:01:35,734 Thank you so much for for once again a very, very thoughtful 1470 01:01:35,734 --> 01:01:36,767 again a very, very thoughtful intervention. I completely 1471 01:01:36,767 --> 01:01:37,433 intervention. I completely agree that we often overlook 1472 01:01:37,433 --> 01:01:38,833 agree that we often overlook the areas where you is strong 1473 01:01:38,833 --> 01:01:40,800 the areas where you is strong and there’s a lot of them in 1474 01:01:40,800 --> 01:01:42,567 and there’s a lot of them in fact um and I think all of 1475 01:01:42,567 --> 01:01:43,334 fact um and I think all of these points are really well 1476 01:01:43,334 --> 01:01:45,234 these points are really well taken Well. I hate to say it uh 1477 01:01:45,234 --> 01:01:46,900 taken Well. I hate to say it uh we can’t run any further over 1478 01:01:46,900 --> 01:01:49,033 we can’t run any further over because the next panel starts 1479 01:01:49,033 --> 01:01:50,899 because the next panel starts right after this one since the 1480 01:01:50,899 --> 01:01:53,000 right after this one since the audience can’t applaud you uh 1481 01:01:53,000 --> 01:01:54,366 audience can’t applaud you uh I’ll take the opportunity to do 1482 01:01:54,366 --> 01:01:55,699 I’ll take the opportunity to do it myself and invite you to do 1483 01:01:55,699 --> 01:02:00,201 it myself and invite you to do the same uh really well done. 1484 01:02:00,201 --> 01:02:01,699 the same uh really well done. Um thank you. thank you very 1485 01:02:01,699 --> 01:02:03,166 Um thank you. thank you very much for that. thanks to the 1486 01:02:03,166 --> 01:02:04,834 much for that. thanks to the audience for sticking with us 1487 01:02:04,834 --> 01:02:06,899 audience for sticking with us and I’d like to invite the 1488 01:02:06,899 --> 01:02:08,234 and I’d like to invite the audience to catch the next 1489 01:02:08,234 --> 01:02:09,767 audience to catch the next panel, which starts right now. 1490 01:02:09,767 --> 01:02:11,234 panel, which starts right now. it’s going to be shared by uh 1491 01:02:11,234 --> 01:02:13,666 it’s going to be shared by uh my regal Kelly Jean Pisani 1492 01:02:13,666 --> 01:02:15,300 my regal Kelly Jean Pisani Ferry and it’s on geopolitics 1493 01:02:15,300 --> 01:02:18,667 Ferry and it’s on geopolitics and the economy and with that 1494 01:02:18,667 --> 01:02:20,934 and the economy and with that uh once again many thanks and 1495 01:02:20,934 --> 01:02:23,833 uh once again many thanks and I’m bringing this panel to a 1496 01:02:23,833 --> 01:02:25,700 I’m bringing this panel to a close. Thank you. Thank you. 1497 01:02:25,700 --> 01:02:29,533 close. Thank you. Thank you. Thank you.