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¿Puede Europa competir con EEUU y China? Eurodiputados debaten en The Ring
De la inteligencia artificial a los minerales raros, de los aranceles de Trump a las exportaciones baratas chinas, Jörgen Warborn (PPE) y Lina Gálvez (S&D) analizan los retos económicos que se avecinan para Europa.
MÁS INFORMACIÓN : http://es.euronews.com/2026/06/19/puede-europa-competir-con-eeuu-y-china-eurodiputados-debaten-en-the-ring
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De la inteligencia artificial a los minerales raros, de los aranceles de Trump a las exportaciones baratas chinas, Jörgen Warborn (PPE) y Lina Gálvez (S&D) analizan los retos económicos que se avecinan para Europa.
MÁS INFORMACIÓN : http://es.euronews.com/2026/06/19/puede-europa-competir-con-eeuu-y-china-eurodiputados-debaten-en-the-ring
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00:08Hola y bienvenidos a The Ring, Euronews' weekly debate show.
00:12Este week, broadcasting from the European Parliament in Strasbourg,
00:16I'm Stefan Grobe.
00:17On The Ring, debaters go face-to-face
00:20on some of the biggest political issues facing Europe.
00:23Today, we want to talk about the global economic challenges
00:26that lie ahead and that impact all of us in Europe.
00:30Luis Albertoz breaks it down for us.
00:35The EU likes to see itself as an economic superpower.
00:39A market of 450 million consumers
00:42and the largest trading bloc on the planet.
00:46Yet, growth remains sluggish.
00:48Entire industries are under pressure
00:50and businesses complain about high energy costs,
00:53excessive regulation and a lack of investment.
00:56And global competition is getting tougher and tougher.
00:59For Europe, it's quench time.
01:01From artificial intelligence and clean technology
01:03to defense production and critical raw materials,
01:06Europe is lagging behind.
01:09So can the EU reinvent its economy for a new era?
01:12Is deeper integration the answer?
01:14Or does Europe need more risk-taking?
01:17And will the framework for the peace deal
01:19to stop the Iran war bring down energy costs quickly?
01:24Well, a lot to unpack here for our contenders.
01:27And here they are.
01:30Jürgen Warborn, a Swedish MEP
01:32from the Central-Right European People's Party.
01:35He serves in the Committee on International Trade,
01:37where he's played a prominent role
01:39in shaping the European Parliament's trade policy agenda.
01:42He says,
01:43Europe will only remain a global heavyweight
01:46if we reinvent our economy
01:47by cutting the regulatory burden
01:49that holds our companies back,
01:51securing affordable and reliable energy,
01:53including nuclear power,
01:55opening new markets through more free trade,
01:57and putting competitiveness
01:58at the heart of every decision we make.
02:15If Europe wants to compete with the US or China,
02:18we need to advance in the integration of the union,
02:21she said.
02:22The answer is not to deregulate,
02:24it's to integrate.
02:25That is how Europe competes,
02:27without sacrificing the social model
02:29or the climate goals.
02:33So let me welcome to the Ring
02:34Jürgen Warborn and Lina Galvez.
02:37Great to have you here.
02:38Good to see you both.
02:40The aim of the Ring
02:41is to offer our viewers
02:43a glimpse at European Parliament debates,
02:45so you should feel right at home.
02:48Are you ready?
02:49Yes.
02:49Yes.
02:49Now, I want to start with a look back.
02:53At the beginning of the century,
02:54Europe accounted for one-fourth of global GDP.
02:59Today, it's down to 15%.
03:02Now, where, when, and why
03:05did we lose ground here?
03:07Lina, I want to start with you.
03:09Well, first of all,
03:10thank you for having me here.
03:13And I think probably we should stop
03:17what was happening in the financial crisis.
03:19And the answer we gave to that crisis,
03:22that was not the optimal one.
03:25We answer with the austerity
03:27that really slowed down our economies.
03:31And it took a while to recover.
03:33When we were recovering,
03:34it came COVID.
03:35We managed to go out from COVID better than expected,
03:39probably, with the next generation EU funds.
03:42But then, later on, came just Ukraine
03:45that affected us more than probably other of our main competitors,
03:50let's call China, U.S.
03:52And so, we are lagging behind,
03:55especially since that moment.
03:56Obviously, there are other structural issues
03:59that probably we will be discussing.
04:01But I think if you want me to say just one moment
04:05where everything, like, started,
04:08it is probably the financial crisis
04:10and the answer we gave to it.
04:12She mentioned the global financial crisis.
04:15So, it affected everybody.
04:16Yet, Europe lost 10 points
04:19in terms of global GDP.
04:21Exactly.
04:21Your take.
04:22Yeah, exactly.
04:23And, no, I agree with Linaya.
04:24This is, the story is true.
04:26But what is more problematic
04:28is that the rest of the world
04:30continue to grow.
04:31And Europe, we didn't.
04:33Well, we still grow,
04:34but we grow much slower
04:35than the rest of the world.
04:37At the time that you mentioned,
04:39U.S. and Europe
04:40were approximately same size in GDP.
04:43And now, the U.S. is skyrocketing.
04:46Not speaking about China and India
04:47and Indonesia and Brazil,
04:49all economies around the world
04:51is growing faster than Europe.
04:53And that's why, yes, we need to deregulate.
04:56That's why we need to invest a lot more
04:58in energy, not least nuclear.
05:00We need more financing.
05:02We need more free trade agreements
05:04and we need to integrate
05:05the internal market.
05:07If we do that,
05:07we can come back to growth.
05:09But we let competitiveness,
05:11we drop the ball.
05:13And now we have to take the ball back.
05:15We drop the ball.
05:17Lina, for your answer,
05:19historically, Europe invented
05:21many of the stuff
05:23that changed the world,
05:25but failed to create companies
05:27on the scale of Google,
05:29Apple or NVIDIA.
05:31Why is that so?
05:33Well, historically,
05:34the sectors that are leading
05:36the global economy are changing.
05:38So sometimes you are in the right place,
05:40sometimes you are not.
05:41So obviously, Europe was a leader,
05:44a global leader in technology
05:46for a long time.
05:47But we were also,
05:51we did not have the size
05:55of other of our competitors.
05:58The U.S. market obviously
06:00allows them to have a scale
06:02and a scope that we didn't.
06:04And we invented the European Union
06:07in order to be sold.
06:09And we have advanced quite much
06:12on our integration,
06:14but not as needed
06:16for the current moment.
06:19So we need to finally integrate
06:22the global market,
06:24the union market.
06:26We need more Europe at the end
06:28because that will be the only way.
06:30The only way.
06:30No single country can compete
06:32in the sectors that are leading now
06:35the economy.
06:35I'm glad you mentioned that, Jörgen.
06:38And I played the ball over to you.
06:41When companies look at Europe,
06:43do they see opportunities
06:45or do they see bureaucracy?
06:48Both, I think.
06:49There are obviously
06:51a lot of opportunities in Europe.
06:53It's a big market.
06:54It's a big market for 150 million consumers,
06:57a huge economy,
07:00strong purchasing power
07:02from the consumers.
07:03So yes, they look at opportunities
07:04and we have them.
07:05But we need to improve.
07:07And you mentioned bureaucracy.
07:08That is one of the parts, of course.
07:10And I think what happens is
07:11a lot of the issues
07:12is the digital market.
07:14U.S. took off.
07:15We didn't to the same extent.
07:17We have to fix that.
07:18And that, of course,
07:19means changing our rules
07:21because they have different rules
07:23in the U.S.
07:23They have different rules
07:24around the world.
07:25And we have to make sure
07:27that businesses seize
07:28more opportunities
07:30and less bureaucracy.
07:31And that means not least
07:33changing and modernizing
07:34the GDPR
07:36to make data
07:37more accessible
07:38for companies.
07:39It means changing
07:40the AI Act
07:41so more of these companies
07:43would allocate here.
07:45And then it also
07:46about financing,
07:47of course.
07:48Linda, is that...
07:49Are you agreeing?
07:50I agree partially
07:53because I don't think
07:54regulation is the main problem.
07:56Obviously,
07:57we need to simplify
07:59our process and everything
08:00that will be great
08:01for everyone.
08:02So that's for sure.
08:03But I think what we need
08:04is more digital sovereignty
08:05because our debt
08:06is flowing there.
08:07And our money is...
08:09Our savings
08:10are flying there as well.
08:12And because we don't have
08:14a united capital market.
08:16And that means
08:18our savings
08:19are investing there
08:21or are financing
08:22their innovations
08:23and their deployment,
08:24especially because
08:26we are good in research,
08:27we are good in innovation,
08:28but we are not good
08:29in deployment,
08:30in bringing it to market.
08:31And it's not only
08:32a question of regulation
08:33because, for instance,
08:34the Artificial Intelligence Act
08:36was blamed
08:37even before we implemented.
08:39So we are not competitive
08:40in digital
08:40because we have
08:41the Artificial Intelligence Act.
08:43And it was not
08:44even implemented.
08:44So we really need
08:46to challenge that rhetoric
08:47that regulation
08:49is the only evil.
08:51I think more integration
08:53is what we need
08:53and we need
08:54a unified capital market
08:56in order that our savings
08:58could also invest here.
09:00You know, I disagree.
09:01I think, of course,
09:02the AI Act was a problem
09:03before it was implemented
09:05because companies know
09:07that this will come.
09:08And that means
09:09less investment in Europe,
09:11more in the US.
09:12So we need deregulation,
09:14not least on the digital side.
09:17We need to change the GDPR
09:20so it gets easier
09:21to get access to data
09:22for companies
09:23because this is the new oil.
09:25This is the raw material
09:26for businesses.
09:27And that's why the US
09:28is taking off
09:29and Europe is not.
09:31And if we change it,
09:32I'm sure we can come back.
09:34I'm sure we can compete
09:35with every part of the world.
09:37We have a lot of talents
09:38and brains
09:39and entrepreneurs
09:40that could do fantastic services
09:42that might solve
09:44a lot of the big societal issues
09:47and challenges
09:48like the climate challenge,
09:50for example.
09:51We need artificial intelligence
09:52for that.
09:53So let's start to build in Europe.
09:56Let's get back to it.
09:57And then you have to deregulate.
09:59You have to create more energy,
10:01more nuclear.
10:02You have to make sure
10:03that we have more investments here.
10:04And why don't you want
10:06to change the rules?
10:07Why don't you want to simplify?
10:09And if you say yes,
10:10what do you want to change?
10:11No, no, no, no.
10:11What do you want to change?
10:13The thing is that
10:13we differentiate
10:15on simplification
10:16and deregulation
10:17because deregulation
10:19is also protecting
10:21our business,
10:22our consumers,
10:23our economies.
10:23I think what we need
10:24is more digital sovereignty.
10:27We need also
10:28that this philosophy
10:31we are putting
10:32on the Industrial Accelerator Act
10:34will go also
10:35to the digital package as well.
10:38I know we can't be
10:38completely sovereign.
10:39We are both
10:40in international trade.
10:42I'm just a substitute
10:43in this committee.
10:44You are the coordinator
10:45for the PPDA.
10:46And obviously,
10:47we are for an open Europe
10:50and an open market
10:51and everything we have.
10:52We are for establishing
10:55really a good relationship.
10:57This soft diplomacy
10:58on trade
10:58and research
10:59and innovation
11:00as we are doing
11:01with Horizon Europe
11:02with our life-minded partners.
11:04But we need really
11:05to work on our sovereignty
11:09unless at the end
11:10of our data
11:11because they are
11:12the first commerce.
11:13So, you can call it
11:15simplification.
11:16It's different.
11:16You can call it simplification.
11:17I don't mind.
11:19Or deregulation.
11:20Or cutting red tape
11:21or less bureaucracy.
11:22It doesn't matter.
11:23It does.
11:23As long as we cut
11:24the costs for businesses,
11:26that's what counts.
11:27So, what cut
11:28for businesses
11:29would you like to do
11:30to facilitate
11:31for entrepreneurs
11:32in the digital sector?
11:34So, a cut for business
11:35will have a better
11:36access to finance.
11:38So, unified
11:39of the financial market.
11:41I agree.
11:41It will be to have
11:42better energy cost.
11:45I agree.
11:45So, we really need
11:46to go for renewable energies.
11:49You say nuclear.
11:50This is not, obviously,
11:52my proposal.
11:54but really to increase
11:56the green deal.
11:58And we need
11:59to build more Europe.
12:00The budget we have
12:01is ridiculous
12:02for all the things
12:03we have to do together.
12:04I think we've touched
12:05upon the right issues here.
12:07I'm very glad about that.
12:08But I need to stop here
12:09as we're just getting warmed up.
12:11It's now time
12:12for gloves off.
12:17Now, we want viewers
12:19to get a real flavor
12:20of the European Parliament
12:21where members
12:22ask each other
12:23questions.
12:24That means we want
12:25our debaters here today
12:27to challenge each other
12:28directly,
12:29just as you do
12:30in the hemicycle
12:30behind us.
12:31So, let's get started.
12:33Jörgen,
12:34I want to begin with you.
12:35Your first question
12:36to Lina.
12:38We just talked
12:40about the energy situation
12:42and I'd like to understand
12:43this from your perspective.
12:45Because Europe,
12:46we have much higher
12:47energy prices
12:48than our competitors.
12:50And it's really important
12:52for the energy-intensive
12:53industry,
12:54for the digital sector,
12:55AI not least.
12:56In Spain,
12:58your government
12:58is phasing out nuclear,
13:01fully functioning nuclear.
13:03How could we,
13:04how could we do that
13:05and still,
13:06you know,
13:07do the change
13:08to more electrification,
13:10to more competitiveness,
13:12to less prices,
13:15lower prices for businesses
13:16if we phase out the nuclear?
13:18Well, we are going to build
13:20more nuclear.
13:21Well, Spain is growing
13:22double than many
13:24other countries
13:25and really above
13:27the European Union average.
13:29So, something we are doing well
13:30because if we take a GDP,
13:33we are growing up
13:35better and faster.
13:36And we have invested
13:38a lot in renewable energies
13:40and within
13:41and also,
13:42we are also investing
13:43in hydrogen
13:44and in new sources
13:45that we think
13:46are clean
13:47and safe.
13:49Not only clean
13:50because you could say,
13:51well,
13:51nuclear is clean,
13:52but safe.
13:54I don't think
13:55we can say
13:56it is clean.
13:57So, we are very respectful
13:58about the energy mix
14:00of each country.
14:01So, if you want nuclear,
14:03well,
14:03you have to pay
14:04for your nuclear
14:04and it is your,
14:08I mean,
14:08it's each country
14:09responsible
14:11for the energy mix
14:13they want.
14:14What they need to do
14:15is to work
14:17on this unified market.
14:19Now, with the gas,
14:20for instance,
14:21we need to
14:22to cooperate
14:23and coordinate
14:24all the countries.
14:25We got your point,
14:26well developed.
14:27And now,
14:27your question
14:28to Jürgen.
14:29So,
14:31your group
14:32constantly
14:33call for
14:34cutting red tape
14:35on rolling back
14:36the green deal
14:37as a route
14:37to competitiveness.
14:39Yet,
14:40the Draghi-led reports
14:41and also
14:42the European Central Bank
14:43and the IMF
14:44point to fragmentation.
14:46So,
14:46I was already saying
14:48that not regulation,
14:49the biggest break
14:51on European growth.
14:53Why does the EPP
14:54keep pushing
14:55the regulation
14:56as a cure
14:57when the real
14:58bottleneck
14:58is a single market
15:01that we still
15:03haven't completed?
15:05I'm really happy
15:06for this question
15:06because it also
15:07shows the difference here.
15:09Yes,
15:09I'd like to continue
15:10to cut red tape.
15:12I'd like to cut
15:13the costs
15:14for businesses.
15:15And that is one,
15:16it's not the only one,
15:17but that is one
15:18of the most important
15:19things we need
15:20to do in Europe
15:21and that's why
15:22we need to change.
15:23We took a lot
15:24of decision
15:25on the Green Deal
15:27last mandate
15:28and honestly,
15:29we did some
15:30huge mistakes.
15:31I'm still very committed
15:33to the climate targets
15:34and we have to build
15:35to neutrality
15:37by 2050.
15:38But,
15:39there are different
15:40paths there
15:41and that's why
15:41we need to continue
15:42to cut
15:44red tape.
15:45We need more
15:46investment
15:47in clean energy,
15:49nuclear was mentioned.
15:50We need a better
15:52internal market,
15:53as you said,
15:54more investment
15:55for businesses
15:56and more free trade agreements.
15:58If we can do
15:58all those five things,
16:00I'm sure we can come back
16:01to competitiveness
16:02and I'm sure there is
16:03a lot of business
16:04opportunities
16:04in the green sector,
16:06in the climate sector,
16:07in the clean energy sector.
16:08And that's what
16:09I think we can do
16:10if we sort out
16:11all those five things
16:13I mentioned.
16:14All right.
16:15Well,
16:15we've heard the views
16:16from our guests.
16:18Now it's time to hear
16:19from a new voice.
16:24For our quote of the week,
16:26I would like to bring in
16:27Spanish Prime Minister
16:28Pedro Sanchez,
16:29who has emerged
16:30as Europe's sharpest critic
16:31of Donald Trump
16:32and his war in Iran
16:34and of the global
16:35economic consequences.
16:37This week,
16:38he said this,
16:39more than 7,400 people
16:42have been killed,
16:43most of them civilians.
16:45Hundreds of homes,
16:46schools and hospitals
16:47have been destroyed.
16:49Prices have surged
16:50across the board
16:51and the economic damage
16:53has run into the billions
16:54of euros,
16:55including in Europe.
16:57This is the toll
16:58the conflict in Iran
17:00has taken.
17:01Lina,
17:02your comments on this.
17:03Completely right.
17:04Absolutely right.
17:05And at the end,
17:07this cost increase
17:08is business paying.
17:10This cost increase.
17:11Well,
17:12we're all paying,
17:12right?
17:13And also public paying.
17:13No,
17:14we are not all paying
17:15because if you look
17:16to the Oxford Intermor
17:18report that was just published
17:20and you see the benefits,
17:22the win for profits
17:23that the energy business
17:27are having,
17:28they are multiplying
17:30in a way
17:31that it is really amazing.
17:33and even that is
17:35going up prices
17:36even more in the U.S.
17:37than here.
17:39But you have Donald Trump
17:40saying,
17:40oh,
17:41I love inflation.
17:42It is now 4.2%.
17:44I don't know
17:44if he loves that much,
17:46but probably the people
17:47who do not love that much
17:50are EU citizens,
17:52but he is probably
17:52not speaking to them,
17:54but speaking to the powers
17:55that brought him to power.
17:57Right.
17:58So when I said,
17:59well,
17:59everybody's paying,
18:00I meant,
18:00you know,
18:01consumers,
18:02citizens in Europe.
18:03It's also public
18:04at the pump,
18:05for instance,
18:06and now we have
18:09an agreed framework
18:11of an agreement.
18:13We don't know
18:14all the details yet,
18:15but markets have
18:16already reacted.
18:17Oil prices eased
18:18after the announcement
18:19of that framework agreement.
18:22But some experts warn
18:24that it can take
18:25much longer
18:26than we all hope
18:27for oil prices
18:28to come down.
18:29What is your take here?
18:31Do we have to be prepared
18:32for higher energy prices,
18:35at least for the rest
18:36of the year?
18:37Yes,
18:37unfortunately,
18:38I think we have to do that.
18:39I think there will be
18:40volatility in the market,
18:41and we don't know
18:42how secure this deal is
18:45and what will happen.
18:47You know,
18:47when it comes to Trump,
18:48Trump is not my favorite
18:49U.S. president
18:50of all times,
18:51I have to admit.
18:52But I think sometimes
18:54in European politics,
18:56like,
18:56the driving force
18:57has been like,
18:59you have to be
19:00against Trump.
19:01And that's not
19:02my driving force.
19:03My driving force,
19:04what can we do
19:05to be pro-Europe instead?
19:08And if you have that
19:09as a motivation,
19:10you end up with
19:11other measures,
19:13other analysis.
19:14And for example,
19:15of course,
19:15we just voted yesterday
19:17on the Turnberry deal,
19:19the U.S.
19:20and EU trade deal.
19:21Not the best deal
19:23in the world,
19:24but I have been
19:24pushing for this
19:25because that is the best
19:27for European businesses.
19:29That is what gives
19:30more predictability
19:31and more stability.
19:32And I'm really happy
19:34that at the end,
19:35also,
19:35Socialists voted for it.
19:37It took some time.
19:39I think we could have
19:39done it faster,
19:41and that would have been
19:42better for business
19:43and for investment.
19:44We'll talk about this
19:45in a minute,
19:46but let's take a break
19:48right now here on The Ring.
19:49We'll be back with more
19:51after this.
19:52Stay with us.
20:01Welcome back to The Ring
20:03Euronews' weekly debate show.
20:05I'm Stefan Grobe,
20:06and I'm joined by
20:07Lina Galvez from the S&D
20:09from Spain
20:09and Jörgen Wabon
20:11from the European People's Party
20:12from Sweden.
20:14Today,
20:14we're talking about
20:15Europe's economic challenges.
20:17And when we're having
20:18that conversation,
20:19we hear a lot about
20:20dependence on China.
20:21But what about
20:22dependence on the
20:23United States?
20:25And here,
20:25Europe has produced
20:27only three major
20:28AI foundation models,
20:30compared with 40
20:31in the United States.
20:33U.S. companies
20:34account for roughly
20:3570%
20:37of Europe's cloud
20:38infrastructure market.
20:40And the U.S.
20:41also supplied roughly
20:4245%
20:44of EU LNG
20:45imports in 2024,
20:47before making it
20:47Europe's largest
20:48liquefied
20:49natural gas supplier.
20:52Lina,
20:52what would you
20:54like to underline here?
20:56Well,
20:57I would like to
20:58underline that
20:58indeed,
20:59we have a lot
21:00of dependency
21:01with the U.S.
21:02so why we needed
21:03a trade agreement.
21:05We needed
21:06the best trade agreement
21:08possible,
21:09not ideal.
21:10That is the reality
21:11we have,
21:12because we have
21:12too many dependencies.
21:13So we are not
21:14enough strong.
21:15So while I go back
21:16to this previous idea,
21:19it's not that
21:19we have to do things
21:22against Trump
21:22or against China,
21:24not only against Trump.
21:26We need to reinforce
21:27what we have.
21:28And for that,
21:29I think,
21:29to go for
21:31clean energy,
21:32not nuclear,
21:33but for digital
21:36sovereignty,
21:36this is very important,
21:37advance also
21:38in defense
21:39and on innovation
21:40and preserving
21:41obviously our social model.
21:43And for that,
21:44we need the soft
21:44diplomacy.
21:46But I think
21:46digital sovereignty,
21:48it is essential.
21:49And for that,
21:49we need more Europe
21:50and more budget.
21:52Because with a common budget,
21:54it will be absolutely impossible.
21:55With Trump,
21:56the German chancellor
21:57gave him a Germany jersey
21:58at the G7.
22:00Maybe that works.
22:02But it is quite
22:04a serious situation.
22:05Trump is pursuing
22:06his anti-European rhetoric,
22:09at least.
22:10So what should we do then?
22:12We should do three things,
22:13mainly.
22:14And that is
22:15beefing up
22:15our defense industry
22:17ourselves.
22:18And more money
22:19has to go
22:20to the defense sector
22:21in the European countries,
22:23of course.
22:23We need more
22:24free trade agreements
22:26so that we facilitate
22:27for our European businesses
22:29to do trade
22:30elsewhere,
22:31both to source,
22:32both to buy products
22:33from these countries,
22:34but of course
22:35also to find
22:35new markets.
22:36That's the
22:38diversification strategy.
22:40But then,
22:40maybe the most
22:41important part,
22:42of course,
22:42is to develop
22:43European businesses
22:45here.
22:45And that,
22:46if politicians
22:48can take a step
22:48back and make sure
22:51that the market
22:51functions,
22:52and that means
22:53less regulation
22:54in Europe,
22:55that means
22:55more investment
22:56possibilities,
22:57to change how we
22:58can create a better
23:00capital market here.
23:01The internal market,
23:03I would say,
23:04is our strong
23:05weapon here.
23:06And energy.
23:07I mentioned energy.
23:08And we disagree
23:08on nuclear.
23:09I'm absolutely certain.
23:10In order to create
23:12some independence
23:13of other nations.
23:15We were very dependent
23:16on Russian gas.
23:17There are two problems
23:18with Russian gas.
23:19We are now dependent
23:20on U.S. gas.
23:22Exactly.
23:23So let's build
23:24more nuclear.
23:25Let's build
23:25more renewable.
23:28And then,
23:28Lena,
23:29I'm sure you have
23:29lots of energy.
23:30to say here
23:31in your reaction.
23:32Well,
23:32I think that,
23:33we agree,
23:34but we disagree
23:35because for all that,
23:37we need more Europe.
23:38We need to advance
23:39an energy market
23:41on capital markets
23:43and on digital sovereignty,
23:45preserving our social rights,
23:47our democracy,
23:48of course.
23:49But for that,
23:50we need to do
23:52some more things,
23:54at least coordinate
23:55some more things together.
23:56And for that,
23:57the common budget
23:58is essential.
23:59Yeah, I agree.
24:00Yes.
24:00We absolutely need...
24:02Yeah,
24:02we need a long-term budget,
24:04of course.
24:05But,
24:06honestly,
24:07the financial resources
24:09will come from
24:10the private market.
24:11When I meet SMEs,
24:12small and medium-sized
24:13enterprises,
24:14no one asks
24:15for more money.
24:17They ask for
24:18less regulation,
24:21lower energy prices,
24:23better functioning
24:24of the internal market.
24:26That's where
24:26the focus should be.
24:28And when we use
24:29the European money,
24:30taxpayers' money,
24:31they could be used to...
24:33I mean,
24:34they are the catalyst
24:35for starting something.
24:37They are not the engine.
24:38Taxpayers' money
24:39is not the engine.
24:40we need a lot of money
24:40in the current moment.
24:42Thank you very much.
24:42Now it's time to move on
24:44to our fifth
24:45and final round.
24:49As always,
24:50we're doing something
24:50different now.
24:51I'm going to ask you
24:52a set of questions
24:53and you can only answer
24:54with yes or no.
24:56All right?
24:58Lina,
24:58I start with you.
25:00Would Europe's economy
25:01be stronger today
25:03if Brussels had
25:04less power?
25:06No.
25:07No.
25:09Interesting.
25:10Should the EU
25:11suspend or scrap
25:13parts of its
25:14regulatory agenda
25:15to boost
25:16competitiveness?
25:17Yes.
25:18Less bureaucracy.
25:19Less bureaucracy?
25:20Simplification,
25:21but not deregulation.
25:23Yeah.
25:23No, probably.
25:24Should Europe
25:25prioritize
25:25saving industrial jobs
25:27over climate targets?
25:31Yes.
25:32In short term, yes.
25:34I don't think
25:35there's a dilemma
25:36there.
25:37So,
25:38I think we can make
25:40both
25:40go at the same time.
25:42I agree.
25:43Okay.
25:43Should Canada
25:44become a member
25:45of the European Union?
25:46Please.
25:48It's up to Canada.
25:50Up to Canada?
25:51I don't see it
25:51in the near term,
25:52but it's up to Canada,
25:54of course.
25:54Okay.
25:54One more.
25:55Should Europe
25:56strongly regulate
25:57artificial intelligence?
25:59No,
25:59quite the opposite.
26:00Less regulation,
26:01more market,
26:02more solutions
26:03for businesses.
26:04Yes,
26:05but good regulation
26:06and with other things
26:08because if we only
26:09fix our attention
26:11on AI regulation,
26:13that will not work.
26:14We need also
26:15more Europe
26:16and so on and so forth.
26:17Okay.
26:18And finally,
26:18was there anything
26:19over the past
26:20half hour
26:20that your opponent
26:22said that you
26:23agree with?
26:24Many things.
26:25I mean,
26:26on this soft power
26:27and trade
26:27and diplomacy
26:30and many things,
26:32we disagree
26:32on a couple of things,
26:33but on the rest,
26:34I think we agree.
26:35Okay.
26:35Very important things
26:35that we disagree,
26:37but...
26:37Fire off now.
26:38No,
26:39no,
26:39no.
26:39I agree
26:40and I would like
26:41to single out
26:42one issue
26:42where I think
26:43we can make
26:43a lot of change
26:44and that's
26:45the internal market.
26:46Let's make it
26:47truly work
26:48for European consumers,
26:50for workers
26:50and for businesses.
26:51But we need
26:51a better budget,
26:52so you really need
26:53to convince your country
26:54and your group
26:55about...
26:55It's not the budget
26:57thing.
26:58It's reducing
26:59the barriers
27:01for services,
27:03for digital services.
27:03I believe in this
27:03entrepreneurial state
27:05idea and now
27:06it is more needed
27:07because the U.S.
27:08is doing,
27:08even if they think
27:09they are not doing,
27:10the Industrial Reduction Act
27:12went in this direction
27:14and don't talk
27:14about China,
27:15of course,
27:15or India.
27:16You guys can continue
27:17over coffee
27:18after the show.
27:19All right.
27:20And that final answer
27:21brings us to the end
27:22of this edition
27:23of The Ring.
27:24Thanks again
27:24to Lina Galvez
27:25and Jörg Marbon
27:27for a lively conversation
27:28here from the
27:29European Parliament.
27:30Thanks to our audience
27:31at home.
27:31If you like,
27:32you can continue
27:33the conversation
27:33by sending us
27:34your comments
27:35to thering
27:37at euronews.com.
27:38That's it for today.
27:40I'm Stefan Grobe.
27:41Take care
27:41and see you soon
27:42on Euronews.
27:43We'll be right back to you.
27:49We'll be right back.
27:52We'll be right back to you.
27:53Gracias por ver el video.
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