- 19 ore fa
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00:07Future Investment Initiative 2026, il futuro dell'Europa è al centro delle discussioni.
00:13Siamo con l'ex presidente dell'Estonia.
00:17Thank you for joining us.
00:18Thank you for your invitation.
00:20So, what's the recipe for Europe's renaissance?
00:24Actually, that is one very easy recipe.
00:27We must realize that we are in competition.
00:30There are three big areas of economy.
00:32China, US and us.
00:35And we are held back by many constraints, which the others don't, to create big companies.
00:40And the only way to change it, you know, is to do what?
00:43To redefine that market is not Europe, but market is the world.
00:47Which means we will allow our enterprises to do quicker mandate, to merge.
00:51And this way we will start also creating these hyperscalers, as they call these big companies.
00:56But if our competition authorities treat Europe as a market, then that means that they would not allow these mergers
01:02because they will get the too big market share.
01:05And if we refuse these offers by our companies, then you know what happens.
01:09Americans come in, put the price levels down, and we will never get the hyperscaler.
01:14So I think we need to somehow relax and take a different view, not to abolish our competition rules, but
01:20just to realize Europe is not the market.
01:22It's the world which is the market.
01:24And the only hyperscalers will get the necessary deepness of capital base.
01:29We have been talking about joint common capital markets.
01:32I feel this is not the bigger problem.
01:34If I compare, for example, the capability of investment of Google or Microsoft to European businesses, it's very small what
01:41we can do.
01:42So we need to, I mean, rethink this competition environment for our companies.
01:46Let's focus on your country.
01:48What's the impact of the geopolitical situation?
01:52The impact now is less than it was already in 22, and frankly speaking, we feel it is safer now
01:58than it was then,
01:59because then it was still very hard to convince people that, I mean, something horrible may happen.
02:05After what happened in Ukraine, the first reports from Butcha and Irpin, which tortured people, killed people, maimed children,
02:13it became very clear what does it mean, the Russian occupation.
02:16So NATO and everybody changed their defense plans so that the countries which are neighboring Russia and also, for example,
02:24Finland even joined NATO for that, precisely at this period, that these countries cannot be occupied.
02:31Even the first meter has to be defended.
02:33Because previously the thinking was like, okay, we will occupy something, they will occupy something, and then we'll push back.
02:39Then people realized that it will be genocide.
02:41And these are small nations.
02:43Finland 5 million, Estonia 2 million, Latvia 2 million, Lithuania 3 million.
02:49So basically, genocide will kill, and these nations will be extinct.
02:54So now everybody understands.
02:55And NATO has put, already we had enhanced forward presence, of course, which was kind of a tripwire messaging effect.
03:01But NATO has put quite a lot of thinking and also resources.
03:05Because, unfortunately, I have to say thanks to Donald Trump, because he put the pressure on NATO.
03:10We have more resources.
03:12NATO's ability to spend has grown by tens of billions.
03:15And so now NATO is able and capable to rise deterrence levels, which means that while risk is higher, deterrence
03:23is also higher and better.
03:25So, actually, nowadays, I'm quite sure that because of this changed mental posture, also, for example, if something had gone
03:31wrong, let's say, in Suvalki Gap in 21, 22,
03:34people would have been sitting in NATO headquarters debating whether this is Article 5, this is not now.
03:40People are mentally far more ready.
03:42And if I hear, for example, President Macron, Chancellor Scholz, talking about also this, that, I mean, we shouldn't have
03:52negotiations with Russia, also Chancellor Mertz, of course.
03:55I mean, one after the other of the big leaders of big countries realize that Russia is a true threat,
04:01like does Italian Prime Minister Georgia Meloni.
04:04She's very aware of that.
04:05And I feel that also the populations of Europe understand better the predicament that, I mean, it is not the
04:12border countries, because hybrid attacks happen everywhere.
04:15First, lethal hybrid attack, after all, happened in Salzburg, in the UK.
04:20Now we're close to Russian borders, so borders don't matter anymore.
04:24So I understand that, I mean, now, when we have most Europeans on the same page like us, we're really
04:31safer than we were, let's say, four years ago.
04:33So cooperation is one of the key words.
04:36Definitely so.
04:37I mean, never alone.
04:38I mean, this is what matters.
04:40And actually, we need to stick together, because if you look at the democracy, free speech, it's going down in
04:48the world.
04:49And if our Europe fails, and also fails economically, that is why I actually think that one important element of
04:55deterrence is also getting our economy to grow again.
04:57If we fail, there is nobody in the world to defend democracy, and also free speech, and also climate, because,
05:06yes, democracy, free speech also matter on the other side of Atlantic.
05:09But on climate, Europe is definitely hard in thinking.
05:12But we have the big, hyperscaler companies of the United States on our side, because both, for example, Google and
05:19Microsoft, they have climate objectives.
05:21So we have them with us on this, so we can cooperate with others, but we have to lead.
05:26And this is our obligation in this world.
05:28Dunque, il futuro della cooperazione in Europa è sicuramente uno dei temi chiave.
05:33Qui alla Future Investment Initiative 2026.
05:36Thank you for joining us.
05:37Thank you.
05:38Thank you.
05:38Thank you.
05:38Thank you.
05:39Thank you.
05:40Thank you.
05:40Thank you.
05:42Thank you.
05:42Thank you.
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