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Wed, May

Europe Must Build Its Own Silicon Valley, Says Eurogroup Chief

Europe Must Build Its Own Silicon Valley, Says Eurogroup Chief

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Europe must accelerate investment in energy infrastructure, innovation and market integration if it wants to strengthen its economic and technological position, Eurogroup President Kyriakos Pierrakakis said.

In an interview with France 24, the Eurogroup President said “without production, there is no European power,” stressing the need for Europe to reinforce its industrial, energy and technological capabilities.

He argued that the continent requires significant investment in electricity networks, greater support for innovation and the creation of a truly integrated European energy market. As part of that vision, he called for Europe to develop its own equivalent of Silicon Valley, capable of driving technological growth and competitiveness.

Energy Crisis Must Not Become a Fiscal Crisis

Addressing the ongoing crisis in the Middle East, Pierrakakis reiterated the European Commission’s position that any measures adopted by member states should remain temporary, targeted and tailored to specific needs.

He also emphasized the importance of keeping the Strait of Hormuz open, warning that it must not become a “toll road” for global energy supplies.

“We must

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