Europe's Digital Sovereignty: Safeguarding Key Technologies

European Financial Services Commissioner Maria Luís Albuquerque emphasizes Europe's need to maintain control and sovereignty over key technologies, which are crucial to the region's economies. This statement highlights growing concerns over dependency on foreign companies, particularly from the United States, amid rising global isolationism.

In a bold assertion, European Financial Services Commissioner Maria Luís Albuquerque called for Europe to retain control over essential technologies that fuel the continent's economies. Her comments came during a fintech regulatory conference in Brussels on Tuesday.

Albuquerque stressed the importance of digital sovereignty, expressing concerns over growing dependency on external tech companies, especially those from the United States, which is perceived as increasingly isolationist.

The address underscores Europe's strategic imperative to shield its economic and digital infrastructure from external influences, thereby ensuring long-term economic stability and security.

(With inputs from agencies.)