Europe is facing a significant technological gap that poses a major security challenge, according to a former ambassador. This issue needs to be prioritized alongside ongoing conflicts in Ukraine and the Middle East.

The President of the European Commission has responded by placing "tech sovereignty," security, and defense at the forefront of her agenda and appointing someone to oversee these critical areas. The integration of technology with security initiatives is crucial, especially in light of the ongoing war in Ukraine and increasing hybrid and cybersecurity threats.

However, there are concerns about the EU's ability to effectively address these challenges, citing the fragmentation of Europe's capital market as a significant barrier. The completion of the Capital Markets Union is seen as essential for enhancing Europe's global competitiveness.