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18:40в рынке, и мы не знаем
18:42как секрет это дело
18:44и что будет происходить.
18:47Вы знаете, когда это касается
18:48Trump, Trump не является
18:49моим фаворитетом У.С. президент
18:50of all time, I have to admit.
18:52Но я думаю, что иногда
18:54в европейской политике
18:55the driving force
18:57has been, like,
18:59you have to be against Trump.
19:01И это не моя driving force.
19:03Моя driving force,
19:04что мы можем сделать
19:05для себя про-Europa instead?
19:08И если у вас это
19:09as a motivation,
19:10you end up with
19:11other measures,
19:13other analysis.
19:14And, for example,
19:15of course, we just voted
19:16yesterday on the Turnberry deal,
19:19the U.S. and EU trade deal.
19:22Not the best deal
19:23in the world,
19:23but I have been pushing
19:25for 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, Socialists
19:36voted for it.
19:37It took some time.
19:38I think we could
19:39have done 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
19:50with more after 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
20:08from the S&D from Spain
20:09and Jörgen Wabon
20:11from the European People's Party
20:12from Sweden.
20:14Today, we'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 dependence
20:23on the United 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 imports
20:46in 2024,
20:47making it Europe's largest
20:49liquefied natural gas
20:50supplier.
20:52Lina,
20:52what would you like
20:54to underline here?
20:56Well,
20:57I would like to underline
20:58that indeed,
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
21:20do things
21:22against Trump
21:22or against China,
21:24not only against
21:25Trump.
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,
21:34but for
21:35digital sovereignty,
21:36this is very important,
21:37advance also
21:38in defense
21:39and on innovation,
21:41and preserving
21:41obviously our social model.
21:43And for that,
21:44we need a soft diplomacy.
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.
21:56With Trump,
21:56you know,
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
22:08rhetoric,
22:09at least.
22:10So what should we do then?
22:12We should do
22:13three things mainly,
22:14and that is
22:15beefing up
22:15our defense industry
22:17ourselves,
22:18and more money
22:19has to go to
22:20the 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 new markets.
22:36That's the diversity,
22:38diversification strategy.
22:39But then,
22:41maybe the most important
22:41part,
22:42of course,
22:42is to develop
22:43European businesses
22:45here.
22:45And that,
22:46if politicians
22:48can take a step
22:49back 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
22:58how we can
22:59create a better
23:00capital market here,
23:01the internal market,
23:03I would say,
23:04is our strong
23:05weapon here,
23:06and energy.
23:06I mentioned energy,
23:08and we disagree
23:08on nuclear,
23:09I'm absolutely certain,
23:11in 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 we can
23:29cut the cost
23:29of 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,
24:02short reaction.
24:02Yeah,
24:02we need a long-term budget,
24:04of course,
24:05but honestly,
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.
24:16They 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,
24:27and 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.
24:38Okay.
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.
25:08No.
25:09Interesting.
25:10Should the EU
25:11suspend or scrap
25:12parts 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.
25:23Okay.
25:23No, probably.
25:24Should Europe
25:25prioritize saving
25:26industrial jobs
25:27over climate targets?
25:31Yes.
25:32In short term,
25:33yes.
25:34I don't think
25:35there's a dilemma
25:36there.
25:37So,
25:38I think
25:39we can make
25:40both
25:41go 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.
25:55One 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.
26:17Okay.
26:18And finally,
26:18was there anything
26:19over the past
26:20half hour
26:21that your opponent
26:22said that you
26:23agree with?
26:24Many things.
26:25I mean,
26:26the soft power
26:27and trade
26:27and diplomacy
26:30and many things.
26:32We disagree
26:32on a couple of things,
26:33but the rest,
26:33I 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
26:53need to convince
26:53your country
26:54and your group
26:55about...
26:56It's not the budget
26:57thing.
26:59It's reducing
27:00the barriers
27:01for services,
27:03for digital services.
27:03I believe in this
27:03entrepreneurial state idea
27:05and now it is
27:06more 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 Marborn
27:27for a lively conversation
27:28here from the European 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 The Ring
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.
27:44Thank you.
27:46Thank you.
27:48Thank you.
27:51Thank you.
27:52Thank you.
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