neutral
Germany's Merz Says Europe Still Far Too Dependent on Software From US
German Chancellor Friedrich Merz warned that Europe relies excessively on U.S. software and tech infrastructure, pressing for increased digital sovereignty and investments in domestic data centers. He criticized recent U.S. shifts in policy rules, suggesting that technology dependencies now factor heavily into global power dynamics. The comments signal a broader push within Europe to build its own tech ecosystem.
Companies:
- SAP
- Siemens
- European cloud firms
Tags:
- Europe
- digital sovereignty
Reuters• By Sneha Pathak
Explore:High Return Equity Mutual Fund
neutral
Germany's Merz Says Europe Still Far Too Dependent on Software From US
German Chancellor Friedrich Merz warned that Europe relies excessively on U.S. software and tech infrastructure, pressing for increased digital sovereignty and investments in domestic data centers. He criticized recent U.S. shifts in policy rules, suggesting that technology dependencies now factor heavily into global power dynamics. The comments signal a broader push within Europe to build its own tech ecosystem.
Companies:
- SAP
- Siemens
- European cloud firms
Tags:
- Europe
- digital sovereignty
Reuters• By Sneha Pathak
Explore:High Return Equity Mutual Fund
1 min read
59 words
Merz urges Europe to reduce dependence on U.S. software and boost its own tech capabilities.
German Chancellor Friedrich Merz warned that Europe relies excessively on U.S. software and tech infrastructure, pressing for increased digital sovereignty and investments in domestic data centers. He criticized recent U.S. shifts in policy rules, suggesting that technology dependencies now factor heavily into global power dynamics. The comments signal a broader push within Europe to build its own tech ecosystem.
German Chancellor Friedrich Merz warned that Europe relies excessively on U.S. software and tech infrastructure, pressing for increased digital sovereignty and investments in domestic data centers. He criticized recent U.S. shifts in policy rules, suggesting that technology dependencies now factor heavily into global power dynamics. The comments signal a broader push within Europe to build its own tech ecosystem.
Companies:
- SAP
- Siemens
- European cloud firms
Tags:
- Europe
- digital sovereignty
- Europe
- digital sovereignty
- technology
- software
- Merz