If Europe wants to reach digital independence it really has to look at thew big picture.
1. European banks mostly sell debt and Nasdaq/Magnificent 7 stocks to their clients. This is what EU citizen invest in.
2. Data centers run on semiconductors made in Asia and cheap energy. Software is almost "the easy part".
3. The whole migration to "the Cloud" (aka MS/AWS/Google), CAPEX to OPEX transition during the ZIRP era was a scam sold by the same ruling class that now tell you need to revert to the previous model.
4. Human capital has to be considered. Having big consulting shops making banks on exploiting foreigners is not a sustainable path to build digital independence (see the content of the recent trade deal with India, an US and Russia ally).
1. European banks mostly sell debt and Nasdaq/Magnificent 7 stocks to their clients. This is what EU citizen invest in.
2. Data centers run on semiconductors made in Asia and cheap energy. Software is almost "the easy part".
3. The whole migration to "the Cloud" (aka MS/AWS/Google), CAPEX to OPEX transition during the ZIRP era was a scam sold by the same ruling class that now tell you need to revert to the previous model.
4. Human capital has to be considered. Having big consulting shops making banks on exploiting foreigners is not a sustainable path to build digital independence (see the content of the recent trade deal with India, an US and Russia ally).