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How can EU competitiveness be fostered during a Trump presidency?

Europe’s competitiveness and unity have been in focus at a Euronews Government Lunch in Davos, as the brand new Trump administration begins its time period.

Europe’s competitiveness and unity have been the primary matter at a Euronews Government Lunch held on the Davos Summit in Switzerland, with prime political and enterprise figures debating the EU’s financial thrust forward as the brand new Trump administration begins its time period.

“The brand new Trump administration is a big alternative for Europe as a result of Europe must – and I am satisfied it is going to – get its act collectively to be extra unbiased, to change into much more built-in, to finish a number of the large initiatives that have been already there for fairly some time, in order that we’re our personal continent and don’t must depend on the US as an ally, as a buddy,” Silvana Koch-Mehrin, President and founding father of Ladies Political Leaders, instructed Euronews.

Donald Trump’s inauguration speech didn’t tackle world points, suggesting it’d comply with an isolationist agenda. Europe, in the meantime, has been gearing up for a Trump presidency with a concentrate on unity of motion.

“We want extra investments within the fields of safety and defence if we wish to have extra affect on our personal future. If you happen to do not wish to be a playground for others, then which means it’s time to act,” former President of the European Council Charles Michel stated.

He harassed that the EU needed to “regulate higher” on the one hand, and “to combine extra” on the opposite.

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The audio system at Euronews’ occasion in Davos additionally insisted that the European Union ought to spend money on digitalisation and AI if it desires to stay aggressive.

“What we want to do is to type of be another for Europe in some ways. And naturally, clearly, persevering with what we have now been doing for the final 20 years, which is contributing to Europe’s digitalisation, and I feel additionally assist Europe to mainly put together for AI, change into AI prepared,” stated Kenneth Fredriksen, Senior Vice President of Huawei Europe.

Within the coming days up till 26 January, main world political and financial figures which have gathered on the World Financial Discussion board in Davos, Switzerland, are set to debate probably the most urgent points presently dealing with the world.

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