More than 70 CEOs from major European companies—including Airbus, Siemens, and SAP—signed an open letter with a clear message: Europe is falling behind in tech and industry, and we need to act fast. Their call? Create a sovereign fund to support key sectors and help Europe stand on its own feet.
The concern is real. While the U.S. is pumping billions into tech and manufacturing through programs like the CHIPS Act, and China continues to heavily invest in strategic industries, Europe is at risk of becoming more dependent—and less competitive.
A Sovereign Fund Could Change the Game
The idea is simple: we need patient, long-term capital to help European companies grow and compete globally—without being bought out or overshadowed by U.S. or Chinese players. It’s not about closing borders or waving flags. It’s about making sure we don’t lose control of critical technologies and future industries.
And it’s not just about the money. A European fund would need to work alongside smarter public procurement, streamlined regulations, and better collaboration across countries. We already have the talent and the ideas—what’s missing is scale and speed.
Europe Can Still Lead
We’ve led before—in aviation, energy, automotive. We can do it again in AI, clean tech, and advanced manufacturing. But we need to stop relying on others to build our future for us.
“Buy European” doesn’t mean protectionism. It means believing in what we build—and backing it up with action.
The time to move is now. Read the full article on CNBC.