Była szefowa dyplomacji UE Mogherini zatrzymana w związku z dochodzeniem w sprawie nadużyć finansowych, Ukraina, NATO i greenwashing
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00:21your news' daily live fix of European news and analysis.
00:25Coming up today, red cheeks here in Brussels.
00:28The EU Foreign Affairs Headquarters, the EEAS and the College of Europe in Bruges
00:34were raided yesterday by police.
00:36The former EU Foreign Affairs Chief Federica Mogherini
00:39and other top officials are now in custody as part of a probe into alleged fraud.
00:45For more on this developing story that came as a big shock to many here in Brussels,
00:49we're joined here on set by Euronews' EU Editor Maria Thedeau.
00:53Good morning, Maria.
00:53Good morning.
00:55Tell us, what do we know so far?
00:56Well, look, it's a bombshell, as you say, in Brussels,
00:59and also, I would argue, even European diplomatic circles because of the allegations,
01:04but also the people allegedly involved, the faces of it.
01:08Federica Mogherini, as you say, she was a former high representative for the EU
01:12under the Juncker Commission, so that is the top European diplomat at the time,
01:17Stefano Sannino, who has also been detained for questioning.
01:20He is a top-tier civil servant who still works at the European Commission
01:25and a third individual connected to the College of Europe, which is an educational institution,
01:30very connected to the EU, too.
01:33So, in terms of the allegations, yesterday, the European Public Prosecutor's Office,
01:37assisted by the Belgian police, searched the premises of the External Action Service.
01:42That is, in very simple terms, a sort of foreign office for the EU and the College of Europe.
01:49What they believe, and again, these are allegations at this point still,
01:52is that there is enough evidence to suspect that there was fraudulent behavior
01:57when it comes to a contract that was tendered by the External Action Service
02:01to the College of Europe relating to the establishment of a diplomatic academy.
02:06Now, what they argue is that fraudulent behavior may be extended
02:10as a result of a heads-up that the College of Europe got before the tendered was public,
02:15and obviously that gave them an advantage over their rivals.
02:19That is the center of the allegations at this point.
02:21I should note, we have not been able to reach out for comment to Federica Mogherini
02:25or Stefano Sandino, and of course, this is an ongoing investigation,
02:29and they have not been charged yet, but they are detained for questioning.
02:33Of course, Federica Mogherini is very well known here in diplomatic circles,
02:36but just a reminder of yours in case they're not so sure and they don't remember her.
02:38Absolutely. And look, this is an Italian politician.
02:41She was a former foreign minister under the Matteo Renzi government,
02:46extremely well connected in European circles.
02:49Again, she was a top diplomat for Juncker and then became the rector of the College of Europe.
02:55And just to put life outside of the European bubble and the Brussels bubble,
03:00the College of Europe is an institution which is seen as a sort of gateway,
03:04as a path to a golden ticket to get a top European civil servant job.
03:09Of course, this is an institution that sometimes really fast tracks careers.
03:13And in Brussels, you know this very well, Maeve, it's about the people that you know,
03:17the connections that you know, the Rolodex.
03:20It's a town that, in a way, it's a very small circle.
03:23Of course, being well connected, it's not a crime, it's not illegal,
03:26but the question obviously is, what do you do with those connections?
03:29Indeed. Maria Tadeo, your news is EU Editor.
03:31Thank you so much for those details and, of course, for more on that fast-moving story.
03:35Do keep an eye on euronews.com.
03:37But now, coming up, we'll be joined by the 2025 Nobel Prize in Economics winner,
03:42the French economist Philippe Agion.
03:44Known for spearheading the theory of innovation-driven growth and creative destruction,
03:49he's a professor at the College de France
03:51and is the chair of innovation and growth at INSEAD Business School.
03:55Good morning, Professor, and congratulations on your prestigious win
03:58and, of course, to your co-winners.
04:00Thanks for joining us.
04:01Thank you so much.
04:03Thanks for being with you.
04:05Look, you advocate for this idea of creative destruction,
04:08a concept that could alarm our viewers this morning.
04:10Just remind us what exactly it is.
04:14Well, creative destruction is the process whereby new innovations displace old technologies.
04:20So the new replaces the old.
04:22And progress has always gone through.
04:24You know, when you invented the computer, the typewriter became obsolete.
04:29And, you know, we keep the new continuously replaces the old.
04:35And you see innovation as a means to sustain long-term economic growth.
04:42How can the EU copy and paste this thinking?
04:47Well, the EU, there is not enough creative destruction in the EU because, you know, for example, in the U.S., if you look at the five most innovating firms in the U.S. nowadays,
04:57they are not the same as they were 25 years ago.
05:02In the EU, they are essentially the same because we remain stuck in mid-tech incremental innovation, whereas they do much more breakthrough high-tech innovation in the U.S.
05:13and even in China now.
05:14So EU is lagging behind China and the U.S. when it comes to breakthrough frontier innovation.
05:21And that's what Mario Draghi, of course, warned in his report.
05:24He called it a wake-up call for the EU.
05:26So how can we prevent the slow agony, to quote Mario Draghi?
05:31I think you need first, you know, a true single market for goods and services, because when you do a big innovation, you want a big market.
05:38And also, with a big market, with a single market, you have more competition, and competition boosts frontier innovation.
05:46I innovate to escape competition with you.
05:48So you need a single market.
05:50We don't have that.
05:51Each country, each member state, has its own regulation to the European regulation.
05:57We call that gold plating.
05:59The second thing is that you need a good financial ecosystem of innovation.
06:03Venture capital, institutional investors, like pension funds, mutual funds, we don't have enough of those.
06:10And those, they induce risk-taking.
06:12Because, you know, in Europe, we don't take enough risk.
06:15We don't, you know, forgive short-term failure.
06:19You know, to innovate breakthrough, you need to tell people, no problem if you fail.
06:24We encourage you to fail, because if you fail, it's that you tried.
06:28And we don't have financial institutions that encourage risk-taking sufficiently.
06:34And the third thing, we don't have anything like the DARPA, this modern way to do industrial policy.
06:39You see that the pro-competition way.
06:41They did that for defense and space in the U.S., DARPA.
06:44They did that for vaccines.
06:45It was the BARDA.
06:46We don't have anything equivalent in Europe.
06:49In Europe, in the name of competition policy, we precluded industrial policy.
06:54But what about people who fear change?
06:56They fear technology.
06:57They're afraid of the future, especially with AI developments as well.
07:03You see what I mean?
07:04They are, you know, yeah, they, Europe is a regulatory giant and a budgetary dwarf.
07:15We regulate too much and we don't invest enough.
07:18Indeed, and that's why they always say that here we regulate, in China they replicate,
07:24and of course, in the United States, they innovate.
07:26They more than replicate now in China.
07:28They now are a frontier.
07:30They became frontier innovation.
07:31They are ahead of us in several, you know, several technologies.
07:35And the problem is that Europe is declining when it comes to frontier innovation.
07:40China is rising and the U.S. is above.
07:43And that's where we need to wake up.
07:44But there's a drive, of course, in Brussels now to simplify.
07:47That is the word of the day.
07:48Do you welcome this?
07:49And how do you find the balance?
07:51Yeah, we have too many regulations.
07:53I think we need regulations.
07:54For example, on AI, we have too many regulations.
07:57And regulation discourages new firms.
08:00Large incumbent firms can cope with regulation.
08:03New entrants are discouraged by regulation.
08:05So we need to regulate.
08:07But we over-regulate in Europe.
08:09That's the problem.
08:09That's a big barrier.
08:11And, yeah.
08:13So that's something we need to work on, particularly for AI.
08:16If we want to, you know, to harness the AI revolution, that's what we need to do.
08:22Okay, Professor Philippe Agion, thank you so much for speaking to us here this morning on Europe Today from Paris.
08:28Thank you so much.
08:29Have a lovely day.
08:30Thank you.
08:31Bye-bye.
08:32Bye-bye.
08:32But now, back here in Brussels, NATO foreign ministers are gathering to discuss a US-led peace plan for Ukraine.
08:40But their American counterpart, Marco Rubio, is not around the table.
08:45This after Steve Witkoff and Jared Kushner concluded talks in Moscow yesterday.
08:49For more, we can go straight over to the headquarters of NATO outside Brussels and bring in Euro News' correspondent, Shona Murray.
08:56Good morning, Shona.
08:57Great to have you with us.
08:58How can ministers discuss a US plan, Shona, without Ukraine around the table and, of course, without the US Secretary of State around the table?
09:08Well, of course, here at this NATO foreign affairs minister's meeting, there is that question outstanding, even though NATO officials have been playing it down.
09:15But at the same time, we know that these discussions with Russia, with Ukraine, the United States, have deep consequence for the fate of the European continent and NATO.
09:22And you'd imagine that Secretary of State Marco Rubio would use this opportunity to debrief his 31 allies.
09:29Now, speaking, already listening and speaking to some foreign affairs ministers this morning, they're saying that they really don't have a huge amount of confidence that Russia is genuinely coming to the table to end the war in Ukraine.
09:39But at the same time, some are saying it is crunch time.
09:42Now, we know that obviously Europe is also paying the heavier burden when it comes to military support for Ukraine.
09:47So you'd imagine that Marco Rubio could be here.
09:50So it is an outstanding issue.
09:51One diplomat told me last night that essentially, if Marco Rubio doesn't come to the next two NATO meetings, they would be worried.
09:59But for the moment, they're not going to take too much concern on it.
10:02Now, one of the other issues on the agenda today, which is quite unusual for a NATO foreign affairs minister's meeting, is the issue of frozen Russian assets across Europe and across the world.
10:11We know that Belgium here has the highest amount, about 180 billion, but they're also in France, the UK and Canada.
10:17So there'll be a discussion about what should be done with these frozen Russian assets, because there was concerns that the US might want to use them.
10:24Should they be taken and then used and given to Ukraine for reconstruction?
10:28And I caught up with the Canadian foreign affairs minister, Anita Nand, and she told me that this is certainly something that Canada is looking at.
10:35We are looking at all ways in which we can support Ukraine.
10:40For example, we have sanctioned over 4,000 or so entities and organisations that are of Russian origin, as well as individuals.
10:53And we are continually looking for different ways to put pressure on Russia.
10:59Anita Nand there, Canada's Minister of Foreign Affairs.
11:02And meanwhile, showing up Marco Ruta, the NATO Secretary General, he told the press this week there was nothing to worry about.
11:07Is he just trying to keep in President Trump's good books, do you think?
11:10Well, I think he's trying to ensure that there's no panic.
11:14But if you heard what Marco Ruta has said in the past, remember, he said things like,
11:18if Europe doesn't invest now heavily in defence, we may as well all start learning Russian.
11:23So sometimes he can also be panic-stricken himself.
11:26But I think you're right.
11:27He does spend a lot of time trying to placate Donald Trump to ensure that he remains a steadfast member of the NATO alliance,
11:35because without the United States, there is no North Atlantic Treaty organisation.
11:40So that is a crucial part of his role as Secretary General.
11:42And I think that's why people believe that the NATO summit in July, which moved member states to pay 5% in defence,
11:48that that was so successful is because he was managed to keep Donald Trump on side.
11:52So that is part of it.
11:54But like I said to you earlier, the discussion here is that the talks at the moment are at crunch time,
11:59but at the same time, people are quite sceptical that we've been here before with Russia,
12:03and that there's no evidence in any way that Russia wants to end the war in Ukraine
12:07without its maximalist positions being materialised.
12:11Maeve?
12:11OK, thank you so much, Shona Murray, there for that live update from the NATO headquarters.
12:16And a press conference, of course, is scheduled for later this afternoon, and we will keep you updated on that.
12:21But moving on, scientists and NGOs are furious with the European Commission
12:26for considering gas pipelines as legitimate for EU climate funding.
12:30Our reporters Jakob Janis and Martha Patego have been taking a look.
12:33How do we power our lifestyle?
12:38For our cars, homes and factories, we need to slash high bills and break free from Russian gas.
12:46Hydrogen is sold as the magic answer, and the EU is betting big on it.
12:51The European Commission just announced a list of 235 energy projects eligible for fast-track funding.
12:59A hundred of them are for hydrogen projects, with an estimated total investment budget of 80 billion euros.
13:08These funds are meant for the energy transition.
13:11But there is a catch.
13:14Critics warn that 90% of these hydrogen projects were submitted by gas operators.
13:20They worry the EU might be financing hydrogen-ready pipes that will actually carry dirty fossil gas for years,
13:27because the green supply simply isn't there yet.
13:31That could be seen purely as greenwashing.
13:37Ideally, we want green hydrogen, made cleanly from water and renewable electricity.
13:44However, today, most hydrogen is grey, made from fossil gas in a process that pumps tons of CO2 into the air.
13:53The 80 billion euro question is this.
13:57Are we building a bridge to a greener future, or just a lifeline for the gas industry?
14:08Jakub Janis and Marta Picego there.
14:10And by the way, the European Commission will present a new proposal to simplify environmental legislation this Wednesday,
14:15so we will keep an eye on that too.
14:16But this brings this Wednesday's edition of Europe Today to an end.
14:21Thank you so much for tuning in.
14:22And come back again tomorrow morning.
14:24I'll be joined here in the studio by the Executive Vice President of the European Commission.
14:28That's the Romanian politician, Roxana Minsati.
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