The European Innovation Council (EIC) will put €675 million into promising start-ups this year to support Europe’s technology sovereignty policy. The budget is smaller than previous years, as EU recovery money runs out, but the ambition to cook up the next generation of European tech leaders isn’t waning, as geopolitical tensions run high.
The European Union is pouring enormous amounts of money into the United States. Regular multimillion-dollar payments to individuals and organizations in the U.S. raise important questions over Brussels’ interference in U.S. political and social debates including climate change, the death penalty, and membership of the International Criminal Court. It is also not possible to justify EU human rights budgets being spent in one of the world’s freest nations. The EU budget has become synonymous with profligacy, waste, fraud, and mismanagement. It is beyond time for EU member state governments and European parliamentarians to take action. And it is Congress’s duty to ascertain whether these expenditures are in compliance with U.S. laws, and to ensure that American interests are protected.
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