Story perspectives

EU Invests €300 Billion to Cut Tech Dependence by 2034

1/24/2026

Summary

Story summary

In 2024, the European Commission named Henna Virkkunen its chief for technology sovereignty, security, and democracy to cut EU dependence on foreign technology.
The Eurostack initiative aims to build independent European digital infrastructure.
Estimates show the project could take a decade and cost about €300 billion.
EU lawmakers seek alternatives to US Big Tech as the Digital Networks Act would extend spectrum licenses but not require Big Tech funding.

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Story summary

In 2024, the European Commission named Henna Virkkunen its chief for technology sovereignty, security, and democracy to cut EU dependence on foreign technology.
The Eurostack initiative aims to build independent European digital infrastructure.
Estimates show the project could take a decade and cost about €300 billion.
EU lawmakers seek alternatives to US Big Tech as the Digital Networks Act would extend spectrum licenses but not require Big Tech funding.