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They have been preparing? You sure about that?
Yup. Ignore all the buzzwords in this lol https://euro-stack.eu/wp-content/uploads/2025/02/EuroStack_2025.pdf
The EU has been funding and pushing for locally run tech for a while. Matrix is increasingly becoming the base layer for all public sector communications for example. The biggest thing holding back locally developed stuff is just the easy availability of US based solutions. Take that out of the equation and people will just switch to the next best thing, which is usually not much of a downgrade.
More likely, they have been discussing about maybe starting official talks about what it would take to prepare, hypothetically.
But that doesn't mean there aren't alternatives to most big tech services that could be setup quickly. I personally ditched Amazon (shop and video... AWS doesn't depend on me personally) Meta and most of Google without sweating too much. Also, while convenient, none of their consumer tech is critical; we've lived without any of it until recently enough, so we could probably adapt to do without it for a while if we had to.
The parts I think (and I'm not an expert by any means) where Europe is completely vulnerable are payment/banking systems and advanced electronics.
On electronics, there's also China, which isn't a great alternative to depend on... But if Trump decided to weaponize SWIFT or the major credit cards, could he switch most of our banking system off?
SWIFT is actually European - Belgian in fact, it's just that the US has an outsized influence through the dollar. Visa and Mastercard has several EU alternatives, the only caveat with them is that each of them only works in their respective countries.
That's a huge caveat though, I hope it will be solved soon.
I think SEPA mitigates that dependency on Visa/MasterCard. Not being an expert I think the main issue is banks resisting change (and most likely getting kickbacks).
Electronics come from China and Taiwan anyway (i'm considering Intel/AMD CPUs as "advanced electronics" and even on that there are EU-babysteps towards advancing RISC-V).
Yes