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TOMORROW’S
    Europe
INCLUSIVE, INNOVATIVE,
     INTERCONNECTED

  A collection of essays by global women leaders
A collection of essays by global WOMEN leaders
tomorrow’s europe
For almost 20 years, the European Business Summit is proud to have provided a debating
platform enabling business representatives to engage with policy-makers to act as solu-
tion providers and harness the positive forces at work.

As the European Business Summit gathers the most inquisitive minds to address chal-
lenges transforming Europe, we have invited women leaders to contribute to the EBS
Publication. They will share their thoughts in a compelling series of essays addressing
some crucial questions. How to compete within a globalized economy whilst guaran-
teeing and improving our democratic socio-economic model? How to ensure smooth
societal transitions brought by digitalisation, the changing nature of work and the devel-
opment of cleaner energy? These are some of the crucial questions to be touched upon.

The world we live in is transforming at unprecedented rates. While global players have
woken up and are increasingly gaining ground, Europe is facing an array of demands and
challenges. Growing inequalities, slow economic growth, greater disconnect between
the European Institutions and EU citizens, climate change, digitalisation and populism
are fuelling scepticism. As these tensions escalate and cleavages deepen among the
population, the legitimacy of the European project is itself being questioned. Can the
European Union address the complex array of challenges facing the 21st century?

The European Union has found ways to address member states’ issues that could other-
wise not be addressed and offer opportunities to citizens otherwise not available. Europe
has been made stronger through cooperation, however difficult this inclusive path may
sometimes be. Our solidarity has been the envy of many around the world. However, par-
adoxically, just when Europe is needed the most to resist fierce international competition
and to protect our liberties, its essence is the most endangered.

As we approach the European Elections, EBS aims to encourage business and policy
makers to work hand in hand. The European Union must look towards the future and
consolidate a cohesive leadership to lead in a globalised world. It must be prouder of its
accomplishments, benefit all citizens and take ownership of its natural prominent role to
play on the international plane.

I would like to take this opportunity to sincerely thank all the prominent leaders for their
contributions. I am confident these essays will resonate strongly.

I hope you enjoy these very inspiring essays.

                                                                   Arnaud Thysen
                                                                 Director General
                                                        European Business Summit

                                    TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 5
foreword
Europe today is in a dichotomy. On the one hand it is at the forefront of huge
cultural, economic and social advances. The European family continues to grow
and, as part of that, we welcome new, vibrant economies into the fold. At the same
time, it is at a crossroads and under the global spotlight like never before. The way poli-
cy makers and business leaders react today will redefine the Europe of tomorrow.

We are striving for a Europe that reflects the values of the European Business Summit;
to be an inclusive, innovative and connected community. There are many reasons for
optimism. Policy makers are working with businesses to make contributions to an
even better Europe. And increasingly, we are talking about women sitting alongside
their male counterparts, taking their rightful place at the heart of that process.

As this collection of essays will demonstrate, women across Europe are assuming
more and more responsibility and getting closer to a gender-neutral playing field we,
as business leaders, must strive for.

We have come a long way, and I am passionate about ensuring this progress continues.
It is the shared responsibility of every last one of us, both men and women, to ensure
there is equality for the future leaders of tomorrow. I know this will be a common topic
of discussion at the European Business Summit 2019 and I welcome seeing the result
of new policies, strategies and actions to encourage female leadership and greater gen-
der neutrality – and diversity in general.

As technology becomes more and more advanced, so do the skills required from
Europe’s students and future leaders. They can’t solely rely on their local education sys-
tem, no matter how good it might be, to provide for their future needs. It is now our re-
sponsibility, as successful business leaders, to help develop this generation and shape
their learning environment beyond the classroom. We need to be innovative with the
tools for them to thrive.

This not only includes providing students with the theoretical understanding of new
technology, but also with real-world opportunities. They need to develop and practice
their skills to understand the impact and implications of how technology works.
You may have heard the phrase ‘moving at a million miles an hour.’ I think it is one of
the best phrases to summarise the rate of today’s technology advancements. However,
we are starting to see common themes emerge.

                                                             Hanne B. Sorensen
                                          Director (Independent Non-Executive)
                                                      Tata Consultancy Services

                                   TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 7
Abisoye Ajayi-Akinfolarin
   GirlsCoding, Founder, Nigeria
Technology is changing the narrative, bringing
         new realities and with the new reality of digital
         technology comes the opportunity to empower
         those born into a place of fewer opportunities.

When I was invited to                         Recently, there has                           are short-term and have
contribute to this collection                 been large influx of mi-                      been counter-productive1.
of essays, I wondered what                    grants into Europe via                        In the nearest future, the
an African can contribute                     the Mediterranean. The                        European Union will defi-
towards Europe’s future.                      migrant’s population                          nitely adopt ambitious poli-
However, the ever-increas-                    consists of higher number                     cies and implement stricter
ing number of deaths                          of Africans and Arabs.                        laws to curb the alarming
recorded as young wom-                        An alarming number of                         influx of illegal migrants.
en and men from Africa                        migrants particularly                         The EU Trust fund for Africa
risk their lives to migrate                   from sub-Saharan African                      has been created to tackle
to Europe is a strong                         countries have endured                        the foundational cause
motivation.                                   long trips in extreme con-                    of migration however the
                                              ditions to reach Libya and                    result has not been fully
Europe is the second small-                   Algeria in order to get into                  satisfactory. In the coming
est continent in the world                    European countries par-                       years, the current securi-
with 50 different countries                   ticularly France, Italy and                   ty-driven approach of the
and 28 of these countries                     Spain. In the coming years,                   EU member states will no
belongs to the European                       migration into Europe will                    longer be considered viable,
Union. It is a continent with                 continue to accelerate in                     and a more holistic tactic
diverse individuals from                      speed and scale.                              of solving the root cause
different regions with large                                                                of migration would be the
number of immigrants.                         Previously, the European                      focus of the EU.
Europe has scenic sites;                      Union (‘EU’) has pushed dif-
from the breathtaking                         ferent countries particularly                 In this essay, I want to make
cities of Barcelona, Prague,                  the ones from Niger north-                    a strong case for technolo-
Florence, Amsterdam to the                    ward and Nigeria to adopt                     gy as a means for tackling
romantic city of Paris. The                   laws and policies that will                   the migration problem
region has attracted large                    block the illegal migration                   from Africa to Europe.
numbers of tourists year-                     of persons. However, the                      Technology is transform-
round particularly during                     policies adopted by coun-                     ing everyday lives and has
the summer.                                   tries like Libya and Nigeria                  become essential to how all

United Nations’ 2030 Sustainable Development Goals Agenda, namely goal 5: Achieve gender equality and empower all women and girls
1

                                                      TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 9
The opportunities that technology brings
                                        are immeasurable.

businesses operate across                       The majority of young           out, is by giving them an
different sectors. Emerging                     people illegally migrating      economically viable skillset
technologies are fast                           into Europe are from the        at an early age.
becoming determinates on                        marginalized societies with
how we live and exist; from                     little or no connectivity to    A 6-month training in front-
big data to artificial intelli-                 the world of opportunities      end design, can be used to
gence. Never in the history                     offered by technology.          jumpstart a fledgling career
of the world have we had it                     Hence, we believe that if       in computer programming,
this easy. Technology has                       technology is introduced to     which in turn can open
democratized how knowl-                         them as an alternative, they    up opportunities across
edge can be acquired and                        will embrace it, and utilize    international boundaries.
traded in the new market                        it to build a great future      Through technology, years
place. A couple of decades                      in Africa and eventually        of subpar educational op-
ago a high school graduate                      collaborate with technol-       portunities and poor living
in Nigeria was confined                          ogy-based organization in       conditions can be oblite-
to the lower rungs of a                         Europe thereby contribut-       rated by a 6-month course;
corporate ladder or perhaps                     ing positively to society.      opportunities reserved only
an entrepreneurial venture                                                      for graduates of the most
in farming or trading. But                      A very good example is          prestigious universities
technology is changing the                      the work we do with girls       across the world suddenly
narrative, bringing new                         from the underprivileged        open up for anyone with a
realities and with the new                      societies in Lagos, Nigeria.    functional skill set.
reality of digital technology                   Where we identified a float-
comes the opportunity to                        ing slum called Makoko          Furthermore, digital tech-
empower those born into                         community, a home for over      nology-based careers have
a place of fewer oppor-                         400,000 people living in        a lower barrier-to-entry
tunities. And we are just                       shanties. The young people      thus it is a viable means of
witnessing the beginning.                       in this community are a         support to young people
                                                ready target for illegal mi-    who might never otherwise
The opportunities that                          gration. Over the years our     be suited for job opportu-
technology brings are                           own mechanism for bring-        nities in other professional
immeasurable.                                   ing the beautiful young girls   paths which require more
                                                born in this community          educational qualifications.

1 0 I C O L L E C T I O N O F E S S AY S BY GLOBAL W OM EN LEADERS
Digital technology-based careers have a
       lower barrier-to-entry thus it is a viable
       means of support to young people.

At GirlsCoding we have          Makoko (a floating commu-               illegal migration. European
exploited and are still ex-     nity), helping making the               and African leaders must
ploiting these opportunities    fishermen sell more seafood             think more in this direction.
with tangible evidence of       at a better price thereby
success.                        make a good living.

GirlsCoding is an intense
program organized by
                                Female Genital Mutilation
                                (www.breaktheblade.org):
                                                                             We believe
Pearls Africa Foundation        An advocacy tool created                     acquiring
for young girls’ age 10-17      by some of our girls as a
years, living in underserved    team to solve the problem of                 technological
communities in Nigeria,         Female Genital Mutilation
to train them in computer       in our country and some                      skills is not
skills, robotics and web
development skills with a
                                other places. This platform
                                sensitizes people on the                     only an
learning process in a basic
programming language
                                negativity of the practice
                                and is finding a way to help
                                                                             investment
such as HTML, CSS,              the victims.                                 but also a
JavaScript and Python.
These girls equipped with       Hope Basket (www.hope-                       sustainable
this skill have become          basket.com.ng): A project
problem solvers not just        built to help get decluttered                means of
for themselves but for their
entire communities. The
                                materials across to the
                                internally displaced persons                 solving the
following projects and more
have been undertaken by
                                in their respective camps.                   problem
our girls:                      We believe acquiring tech-                   of illegal
                                nological skills is not only
Makoko fresh ( http://www.      an investment especially                     migration.
makokofresh.com.ng/) An         when targeted directly
ecommerce platform that         towards African youth but
connects buyers of fresh fish   also a sustainable means
to the fishermen who live in    of solving the problem of

                                     TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 11
Deanna Bass
Executive Director, Global Diversity and Inclusion,
                Procter & Gamble
Attracting and retaining women in the workforce
       is good for women, it’s good for the economy,
       and good for business.

Workplace Equality               Harvard Business Review                 Earlier this month, the
Begins At Home                   report shows that companies             European Institutions
                                 that go from “no women in               agreed the Work-Life
The urgency to deliver gender    corporate leadership…to 30              Balance Directive which
equality in the workforce        percent female share” can see           addresses challenges of
is stronger than ever.           results that translate into a           working parents and carers.
Increasing women’s work-         15% increase in profitability.          Included in this directive
force participation, closing                                             is a provision that provides
the pay gap and equalizing       One key to attaining higher             fathers and/or equivalent
responsibilities at home are     female participation—en-                second parents 10 working
not just nice-to-haves, but      suring that women are fully             days of paid leave around
an economic imperative for       engaged with their jobs and             the time of the child’s birth.
governments and companies        that they remain with their             Expanding paid paternity
alike.                           employer—is to give men                 leave shouldn’t be a con-
Attracting and retaining         access to paid leave that               troversial idea across the
women in the workforce is        allows them to share the                EU. Today, all EU member
good for women, it’s good for    child-rearing and bond with             states offer some form of
the economy, and good for        their children.                         paid paternity or parental
business.                                                                leave- and with the Work-Life
                                 How so? Well-being at home              Balance Directive approved,
This conversation is alive and   ties to well-being at work. A           there will be more uniform-
well across the European         report from the European                ity across the region. Even
Union. According to the          Commission observes that                with this move however,
European Institute for           “where new fathers take                 the gap between cultural
Gender Equality, improving       parental leave, mothers                 norms and family policies
gender equality overall could    return to work more easily,             remains wide in the region,
add up to €3.15 trillion in      female employment is higher,            leaving companies with the
EU GDP by 2050. Moreover,        and the earning gap is lower.”          need to equalize policies and
ensuring a level playing field   Kids benefit, too. Children             cultures inside their own
for women at work and pro-       whose fathers participate in            walls. As the fight for highly
viding equal opportunities       their upbringing do better              skilled talent grows across
for them to rise in leadership   developmentally, in school              the EU, so does the need for
drives business results. A       and on cognition tests.                 companies to break down

                                      TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 13
If for no other reason, companies
                                                    should see paternity leave as a
                                                    matter of equality.

barriers to gender equality                     child’s care and as an impor-    companies—this seems so
—to include engagement in                       tant side note, have a fewer     obvious. But for paternity
policies and cultures that                      conflicts over household         leave to take hold, there
encourage women to return                       division of labor.               must also be consistency.
to work after childbirth                                                         Any multi-national company
and encourage men to be at                                                       supporting expats will rec-
home after a child is born.                     Better for women:                ognize the failed employee
                                                                                 experience that occurs
                                                Paid parental leave —espe-       when an expectant father
Better for men:                                 cially paternity leave— is       whose home country is, say,
                                                good for women. A spouse         Finland, where the govern-
If for no other reason, com-                    or partner taking paid time      ment mandates 54 weekdays
panies should see paternity                     off to participate in early      of paternity leave, compares
leave as a matter of equal-                     child care has a short-term      notes with his cube-mate
ity. Maternity leave is the                     impact on women’s physical       who will now receive 10 days
only employee benefit that                      and psychological well-being     of paid leave.
discriminates on the basis                      and a longer-term impact of
of sex. And the impact on                       her workforce participation.     So, there is more work for
men is significant. Today                       Equally important, a 2014        companies and countries
more than ever, men expect                      study showed that for every      to do. I work for Procter &
to be in dual career and                        month of parental leave a        Gamble, a multinational
dual carer relationships.                       man takes, a woman’s salary      consumer goods company
Today, more than ever,                          goes up by almost 7 percent.     with a strong global equity
parenting is important to                       Paternity leave, it seems, has   of being a great place to
men. According to Pew, 57%                      a greater effect on women’s      work. Across Europe, we are
of men see being a dad as                       earnings than maternity          implementing a standard
central to their identity, and                  leave does.                      8-week minimum paternity
68% say it’s important for                                                       leave policy to complement
fathers as well as mothers to                                                    the suite of flex options we
bond with their new babies.                     Better for companies:            already have in place. Like
Not surprisingly, men who                                                        many companies across
take paternity leave tend to                    Stronger economies, hap-         Europe, our goal is to
be more involved with their                     pier employees, healthier        advance gender equality in

1 4 I C O L L E C T I O N O F E S S AY S BY GLOBAL W OM EN LEADERS
Paternity leave has a greater effect on women’s
       earnings than maternity leave does.

part though encouraging          working mothers across
men to share the care at         Europe are still doing the
home. We realize there are       bulk of the parenting work
significant cultural barriers    at home—hindering their
to men taking leave and that     upward mobility in the
the full benefits of paternity   workplace. Government
leave won’t be felt unless we    and corporate policies that
send a strong and consistent     encourage men to shoulder
message in support of father-    their fair share of responsi-
hood: That paternity leave is    bility from the start can, and
a benefit we want employees      will, help equalize the effects
to take.                         of maternity leave and moth-                   Europe
The rewards to companies
                                 erhood on the development,
                                 compensation and overall                       can lead
for implementing these
programs can be great.
                                 equality of women in our
                                 organizations.
                                                                                the globe to
Studies in both Scotland and                                                    true gender
the U.S., show that fathers
and parents of both sexes        A vision for tomorrow:                         equality.
who received parental leave
were more likely to stay with    When we envisage tomorrow,
their companies. Paternity       my colleagues and I envisage
leave is also associated with    a corporate world in which
a mother’s ability to return     the narrative has shifted
to the same employer—a           from “caregiving is strictly a
significant advantage to         woman’s issue” to “caregiving
companies hoping to retain       is for both parents”. We see a
female talent.                   tomorrow in which partners
                                 share tasks related to home
Perhaps most importantly,        and child care and have an
paternity leave is proving       equal opportunity at work.
to be the key to addressing      Europe can lead the globe to
the pay equity gap. Today,       true gender equality.

                                      TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 15
Nayé Anna Bathily
Head, Global Parliamentary Engagement, The World Bank Group
Europe is a bastion of democracy
                and diversity.

What the Future of             Europe is a leader in many              youth jobs, and technology,
Europe Should Look Like        aspects of equal representa-            among others.
– Inclusive Parliaments        tion in parliament, namely
for Shared Prosperity          women and youth. With a                 Research shows that these
                               regional average of 27.9%               are exactly the policies need-
Europe is a bastion of         women in parliament, it is              ed for inclusive economic
democracy and diversity.       second only to the Americas,            growth. Europe scored
Parliaments across Europe      and above the global mean               highest overall in the World
are becoming increasingly      of 24.1%. Nordic countries              Bank Women, Business
representative of the pop-     have the largest rate in the            and the Law report, which
ulation with shifts toward     world with 42.3% wom-                   measures gender inequal-
gender balance and accurate    en. Meanwhile the youth                 ity in the law across 187
age balance, yet there is      participation rate across               economies; however, only
still progress to be made,     parliaments in Europe is the            six economies scored 100
and fast. In recent years,     highest in the world, with              on the index, meaning they
inequalities, particularly     3.9% under 30, 23.5% under              give women and men equal
among generations, have        40, and 37.5% under 45, com-            legal rights in the measured
increased, trust in democ-     pared to the global averages            areas (Belgium, Denmark,
racy has decreased, and        of 2.2, 15.5 and 28.1 percent           France, Latvia, Luxembourg
rising waves of populism       respectively.                           and Sweden). While the top
are threatening to fray ties                                           scorers were all in Europe,
among nations. Legislative     Female and youth lawmak-                for every law denying equal
bodies and governments as a    ers are essential to bring the          economic opportunities
whole must evolve to reflect   voice of their demographics             to women, countries are
changing demographics and      into policy discussions.                missing out – in 2014 alone,
ensure policies to promote     Women typically address                 Europe and Central Asia
inclusion, restore trust in    challenges such as equal                lost $41.6 trillion in human
government, and strength-      pay, reproductive rights, and           capital (or the potential
en diplomacy throughout        gender-based violence, as               of people) due to gender
Europe and around the          well as social issues includ-           inequality.
world.                         ing childcare and education.
                               Likewise, young MPs prior-              As technological advance-
                               itize policies on education,            ments are changing the

                                    TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 17
By its very nature, Europe is geographically,
                culturally and historically poised for acceptance
                and interconnectivity.

1 8 I C O L L E C T I O N O F E S S AY S BY GLOBAL W OM EN LEADERS
nature of work, investments       renew trust in governments              own countries. This holds
and policies promoting            and improve diplomacy. An               particularly true for Africa,
human capital, specifical-        emphasis on investments                 where in 2050 the popula-
ly in health and quality          and reforms in education                tion under age 24 will in-
education, are the fastest        builds social capital and               crease by nearly 50 percent,
and surest way to prepare         could help to boost social              but participation in parlia-
workers for the jobs of the fu-   cohesion and trust. For                 ment of youth under 30 was
ture. On the human capital        example, a wave of school               at only 1.5% in 2018 2. Seeing
index, which quantifies the       reforms across Europe in the            women in power could
contribution of health and        mid-20th century contrib-               also help shift social norms
education to the productiv-       uted to people being more               across borders. Research
ity of the next generation of     tolerant of immigrants. The             shows that just one woman
workers, Europe has some          advantages of women and                 in a leadership position can
of the highest scores in the      youth policymakers for de-              positively change societal
world; however, there is still    mocracy and for society are             opinions of women, and even
work to be done to guar-          clear. Efforts must therefore           increase parental expecta-
antee that today’s youth          be continued and reinforced             tions for their daughters.
become healthy, flourishing       to achieve and maintain
members of society and            accurate representation in              The Europe of the future will
countries are not foregoing       parliaments and beyond.                 be part of a more inclusive,
income. Women and youth                                                   diverse, and interconnected
are more likely to take the       A stronger, more democrati-             global community. If this
action necessary to place         cally inclusive Europe would            diversity and inclusion
their countries on a trajecto-    not only benefit Europe, it             continues to be reflected in
ry toward economic growth         would contribute to a rising            parliaments through repre-
and prosperity.                   trend that resonates around             sentative democracies, we
                                  the world. By its very nature,          all stand to prosper.
Women and young MPS im-           Europe is geographically,
prove governance through          culturally and historically
increased integrity and           poised for acceptance and
efficiency. The study, The        interconnectivity. The world                 Younger
Female Political Career by        at large is also becoming
Women Political Leaders           increasingly connected                       generations
shows that women tend to be
less corrupt and more likely
                                  digitally through smart
                                  phones, the internet, and so-
                                                                               being the
to cooperate across party
lines, bridging partisan
                                  cial media, meaning people,
                                  and especially youth, are no
                                                                               catalysts for
divides to find compromise.       longer only comparing their                  change in
The Inter-Parliamentary           lifestyle to their neighbor,
Union found that Young MPs        they are comparing it to peo-                government
bring innovation, fresh ideas     ple across the globe, causing
and energy to the legislative     aspirations to rise.                         and
dialogue.
                                  Youth around the world can
                                                                               emulate this
Improved representation
and governance combined
                                  witness younger genera-
                                  tions being the catalysts
                                                                               in their own
with improvements in              for change in government                     countries.
education could serve to          and emulate this in their

                                       TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 19
Elzbieta Bienkowska
EU Commissioner for Internal Market, Industry,
       Entrepreneurship and SMEs
Innovative technologies can help us solve
       today’s most pressing problems, such as air
       pollution or plastic waste.

Innovation                        mobilising public invest-               and promote a strong and
                                  ments under the Juncker                 innovative defence industry.
Automation, artificial intel-     Plan, removing barriers in
ligence, connected cars…          the EU Single Market and                Just in February, we reached
The world is changing fast        creating a regulatory frame-            a provisional agreement on
and we need to make sure          work that helps European                our proposal for a future
to keep up with the develop-      businesses and industry to              European Defence Fund – a
ments. We need foresight, in-     adapt and turn challenges               €13 billion programme that
vestments and a regulatory        into opportunities.                     will promote a strong and
framework that encourage,                                                 innovative defence industry
not stifle innovation.            The aim behind all these                and raise the EU's autonomy
                                  initiatives is clear: to get            and technological leadership
Innovation is the key to          us ready for the Europe of              in defence. It will also pro-
Europe’s competitiveness.         tomorrow.                               vide incentives for projects
We know that innovative                                                   with cross-border participa-
businesses experience                                                     tion of many SMEs and mid-
higher turnover and are           Defence                                 caps in the defence supply
better placed to compete                                                  chain. In more advanced
globally. We also know that       In a world of increasing                technologies, promising
innovative technologies can       instability, no country can             solutions are often devel-
help us solve today’s most        address the fast evolving               oped by smaller companies.
pressing problems, such as        threats on its own. That is             The Fund gives incentives
air pollution or plastic waste.   why we have taken steps to              for SMEs so that they are not
To put it simply, if we want      encourage cooperation in                only subcontractors but ac-
to face global competition        defence research and laid               tual full partners in defence
and respond to technolog-         the groundwork to support               projects. This should help to
ical challenges, we need to       joint development of defence            bring more innovation into
embrace innovation.               capabilities. These actions             defence product develop-
                                  are crucial to help Europe              ment cycles.
Over the years, we have been      gradually ensure its own
working hard to create an         security. At the same time,             Overall, the fund is an
environment that fosters          such cooperation will en-               important building block to
innovation. We have been          hance innovation in defence             ensure that Europe becomes

                                       TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 21
a stronger security provider                    saving lives, Galileo makes a      Industry
for its citizens. It will ensure                difference.
that Europe benefits from                                                          EU industry is a key driver of
cutting-edge, interoperable                     Looking to the future,             productivity and innovation,
defence technology and                          we need to maintain this           and the basis of our pros-
equipment in areas such as                      cooperation and enhance            perity. It is also at the heart
artificial intelligence, drones                 our leadership. As space           of our society. We are world
or satellite communication.                     technology becomes indis-          leaders in many industrial
Ultimately, it will contribute                  pensable, it is critical to take   sectors and our leading
to the creation of a Union                      advantage of the considera-        position has been built on
that protects and defends.                      ble potential on offer.            a common Single Market,
                                                                                   talented workforce, world-
                                                The €16 billion EU Space           class science base and strong
Space                                           Programme, currently               value chains.
                                                under negotiation, allows
European progress in                            us to have an even more            However, our industry is also
space has been incredible.                      ambitious vision and tap the       facing a number of chal-
Our space programmes –                          full potential of our space        lenges: rapid technological
Copernicus, EGNOS and                           programme to create sus-           development, intense global
Galileo – deliver benefits and                  tainable jobs and growth for       competition or the need to
opportunities to millions of                    the EU. The programme pro-         become more sustainable.
people and businesses. The                      poses tools to maximise the        We are working on several
European space programme                        benefit from our investment        fronts to turn them into op-
is a testament to successful                    in space. Tailored for todays      portunities and support our
European cooperation.                           connected world, it includes       industry in this transition,
                                                a number of initiatives to         putting particular efforts
Copernicus, our Earth                           help space innovation and          into improving energy and
observation programme, is                       industry in Europe thrive.         resource efficiency, digitisa-
delivering data and services                                                       tion, as well as skills across
of unprecedented quality.                       Under the new EU Space             all our policy areas and
It sets global standards by                     Programme, it is important         industrial sectors. At the
offering the most accurate                      to continue with our efforts       same time, we are improv-
climate and environmental                       to foster the development of       ing access to finance and
data, 24/7. The Copernicus                      market-driven space-based          mobilising investments
programme will help us fight                    applications and servic-           across Europe. For example,
climate change and improve                      es. We need to support a           the Investment Plan for
CO2 emission monitoring,                        European ‘New Space’ of            Europe has already triggered
and its data will continue to                   innovative start-ups and           more than €380 billion in
be used to create innovative                    encourage further user             investments across the EU
products and services.                          uptake of space services.          and supported hundreds of
                                                Stimulating growth of the          thousands of SMEs.
Galileo, our satellite naviga-                  sector, for example via
tion programme, is provid-                      innovation partnerships            To ensure that our industry
ing navigation, positioning                     and improved access to risk        enjoys a global level playing
and timing information to                       finance is a priority. Then, we    field, we are leading the
more than 600 million users                     will be able to benefit from       reform of the World Trade
worldwide. From connected                       all the services offered by the    Organisation. We have con-
cars, to phone navigation, to                   EU space programme.                cluded a number of bilateral

2 2 I C O L L E C T I O N O F E S S AY S BY GLOBAL W OM EN LEADERS
We need to continue building on the
                                good work already done and pushing for
                                changes that are needed to ensure that
                                Europe remains ahead of the game.

trade agreements, updated          Single Market                           it enhances the industrial
our trade defence instru-                                                  competitiveness as well as
ments and made a revised           It goes without saying that             supports our standing and
proposal to ensure reciproc-       the Single Market is our                influence in the world.
ity in international procure-      greatest asset. It makes our
ment. We will soon have            lives easier every single day           So our task here is clear - we
in place the first European        by giving us better choice of           really need to show leader-
framework to screen foreign        products at lower prices or             ship and political courage to
investment.                        by allowing businesses to               take the Single Market to the
                                   trade easily across borders.            next level.
On the global stage, we            The Single Market is the
stand for free, rule-based         engine behind our economic              Over the past years, we
trade. But we are not naïve        growth. It creates jobs and             have done a lot to improve
free traders. We do not            enhances our industrial                 defence cooperation,
hesitate to take action to         competitiveness.                        develop EU space infrastruc-
preserve our jobs and adopt                                                ture, support EU industry
anti-dumping measures              However, the Single Market              and improve the way our
when faced with unfair             needs everybody in the EU               Single Market works. But
trading practices.                 to play by the commonly                 this is not the finishing line.
                                   agreed rules. In the world              Tomorrow’s Europe will be
The goal for the future? Our       where our global compet-                full of changes and chal-
industrial policy should           itors are continent-sized               lenges, so we need to make
reflect the values that we as      economies, we need to pull              sure we stay on the right
Europeans stand for and be         together. We need to resist             track and keep up with the
a tool to shape better future      the temptation to draw                  progress.
for our citizens. And this is      up domestic barriers and
not a job for the Commission       try to deepen European                  We need to continue build-
alone. We need to continue         integration instead. This               ing on the good work already
working together at the EU,        will ensure that the Single             done and pushing for chang-
national and regional levels,      Market becomes a tool that              es that are needed to ensure
in partnership with industry,      delivers prosperity to the              that Europe remains ahead
to face global challenges.         citizens, that it becomes a             of the game.
This will continue to be a         real launchpad for our inno-
collective effort.                 vative companies and that

                                        TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 23
Helena Bjarnegård
Sweden’s first State Architect
Perhaps the most radical of all of the goals set by
       government is the idea that architecture and
       design should be used as tools in tackling
       society’s biggest challenges.

Designing Sustainability         These authorities include               Perhaps the most radical of
– Sweden’s Ambitious             those directly engaged in               all of the goals set by govern-
Solution to Tackling             building architecture, but              ment is the idea that archi-
Society’s Biggest                also those with responsibility          tecture and design should be
Challenges                       for infrastructure,                     used as tools in tackling soci-
                                 environment, community                  ety’s biggest challenges. The
In May 2018, the Swedish         participation and research.             aim of the new policy frame-
government passed a bill         As these pieces have fallen             work is to raise standards of
for a new national policy for    into place over the last year,          design and construction, to
architecture and design,         it has become clear that                tackle the quality, beauty and
entitled “Policy for Designed    Sweden has a unique oppor-              environmental performance
Living Environment” (Bill        tunity to create a holistic             of particular apartments,
2017/18:110). In connec-         approach to the future of               streets, neighbourhoods and
tion with that, it was also      cities for the first time in            cities. But the policy also
decided that Sweden should,      generations. A unique aspect            aims to tackle segregation,
for the first time, appoint      of the political agreement              exclusion and other societal
a ’riksarkitekt’: a national     is that it was made by three            phenomena that are caused
architect. My job is to lead     different ministries (environ-          by both sociological and
on work within the field of      ment, enterprise and culture)           environmental factors. The
architecture nationally, to      with different priorities,              Policy for Designed Living
build up a structure that can    who brought together their              Environment is confirmation
support those planning and       agendas to tackle the unique            that architecture in Sweden
building in Sweden to create     complexity of building sus-             is, at its root, a question of or-
well-designed towns and cit-     tainable cities. The resulting          ganising our cities to be more
ies. The national architect is   goals are all-encompassing              democratic, more partici-
also the chair of the Council    and ambitious and embrace               patory and flexible enough
for Sustainable Cities, a        the many issues that Sweden             to adjust to a country that is
group that brings together       (and most western countries)            experiencing rapid change.
the directors of a unique mix    are experiencing, in the                It evinces a remarkable faith
of government authorities        context of global megatrends            in the power of architecture
whose work is affected by        like migration, urbanisation            and design, but also the
questions of design and          and rapid technological                 understanding that positive
environmental sustainability.    development.                            action in these areas requires

                                      TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 25
I hope that Sweden will soon provide compelling
               evidence of what is possible when everyone works
               together to improve people’s lives under a vision
               of equal, beautiful cities.

2 6 I C O L L E C T I O N O F E S S AY S BY GLOBAL W OM EN LEADERS
a wide variety of fields to be     of their shared environment”.           social and environmental
engaged: planning, housing,        The policy’s goal will be               goals for short term gain.
culture and public art, the        achieved by ensuring that:
environment, social services,                                              If stating this responsibility
education, research, trans-        - sustainability and quality            clearly can be considered
port, trade, and accessibility       are not made subservient              a safety net to prevent bad
and consumer policy. All of          to short-term financial               decisions, the policy also
these, in one way or another,        considerations;                       expresses the public sector’s
have a clear impact on –           - knowledge in the fields of ar-        responsibility to be exempla-
and are affected by – how            chitecture and design is de-          ry in its patronage of design.
buildings, facilities, products,     veloped and disseminated;             When the municipalities
services and systems are           - the public sector acts as a           and public agencies act as
designed.                            role model;                           clients, they have the re-
                                   - aesthetic, artistic and cul-          sponsibility to place design
The policy takes an integrat-        tural assets are preserved            quality at the top of their list
ed approach to cities while          and developed;                        of priorities.
also providing a comprehen-        - environments are designed
sive national architecture           to be accessible for all; and         The work of the Riksarkitekt
policy. The aim is to make the     - cooperation and collabora-            in this context is to repre-
very most of what architec-          tion are developed both na-           sent these high ambitions,
ture and design can bring to         tionally and internationally.         to embody the vision of the
the development of society,                                                Swedish government to
for the benefit and enjoyment      We have the ambition to in-             create more sustainable,
of all. The new policy restates    crease quality in every part            equal cities, now and in the
the government’s belief that       of urban development, from              future. My own professional
the quality of the places we       public artworks and the                 experience as a munici-
live and spend time in is vital    public realm to the scale of            pal architect and planner
for society and considers all      the city and infrastructure.            means that I know in detail
the decisions we make in ar-       A wide variety of stakehold-            the challenges that we face
chitecture and design as de-       ers from every part of the              bringing together this holistic
cisions that affect individuals’   economy and society have a              vision. But there can be no
quality of life. Achieving the     role in building Sweden’s cit-          more compelling professional
broad ambition to maintain         ies. But the policy describes           challenge than to try to lead
and increase the quality or        a very clear role for the               a positive transformation of
our living environments will       public sector as a leader in            the standards in a nation’s
require awareness and clear        this process. It says that the          architecture and urbanism.
ambition on the part of all        short-term search to deliver            As the collaborations around
decision-makers.                   the large numbers of housing            the policy take shape, it is
                                   units that Sweden needs                 exciting and demanding to
The principal goal of the          should not lead munici-                 maintain a clear vision of
new policy states that             palities to compromise on               what a good city is in the 21st
“Architecture and design will      quality. Although different             century. I hope that Sweden
help to create a sustainable,      requirements must continu-              will soon provide compelling
equitable and less segregated      ally be balanced against one            evidence of what is possi-
society with carefully de-         another, the policy states              ble when everyone works
signed living environments in      clearly that it is the public           together to improve people’s
which everyone is well placed      sector that must refuse to              lives under a vision of equal,
to influence the development       compromise long-term                    beautiful cities.

                                        TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 27
Pauline Engelberts
Global Chief Operations Officer, ABN AMRO Clearing Bank N.V.
We should be focusing on our commonalities
       or the synergies we can generate.

I believe in Europe               Leaders and politicians in              is worth it when we truly
                                  Europe need to show author-             believe in where we want to
I believe that we are strong-     ity and integrity of vision. All        go. We should explore and
er together by combining          aspects of society need to feel         understand differences,
the strengths and unique          involved in those discussions.          not fear them. We need to
qualities we have. I’m also a                                             focus on understanding and
firm believer in an integrated    Having a strong sense of na-            changing behaviour, not try
Continent. I understand that      tional identity is natural and          to change opinions.
this may not be the most          is part of a country’s DNA. It
popular opinion nowadays,         actually brings the diversity
but from a business per-          we need. We should not try to           Overcoming threats
spective I believe Europe has     negate it. At the same time,
given us a significant number     countries can position them-            Europe has always had
of advantages, pertaining to      selves as strong Europeans,             its foreign policy storms.
resourcing , collaboration        with joint aspirations and              Historically, Europe’s
and investments. I even want      beliefs.                                strength has been in its
to suggest the increased use                                              trading relationships and we
of a ‘Made in Europe’ banner;     The problem we have today               should play on our strengths
a sticker we can put on goods     is that we are not, at present,         as the global ‘bridge maker’
that we can all identify as       looking for enough common               between regions. We have
ours; a shared feeling of unity   ground amongst different                our distinct problems – an
that we can all understand.       parts of society – whether              aging population being just
We need to be proud of            that be generational, eco-              one of them – but we need to
Europe, and that starts with      nomic or social. We should              build our relationships and
strong grass‐roots support.       be focusing on our com-                 our position in the world.
                                  monalities or the synergies
It’s that bedrock, bottom‐        we can generate, not on our             Technology is the way we can
up support that will drive        differences.                            forge our future. We have
Europe’s future. People                                                   some of the strongest brands
must have confidence in the       I believe grass roots support           in the world and young
European vision and the en-       will drive that change. It will         entrepreneurs are driving the
during legacy of peace it has     take time, effort, commit-              start‐up culture we need for
brought to millions of people.    ment and tenacity, but it               the next big names to develop.

                                       TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 29
Innovation thrives when it attracts
                             and encourages a diversity of ideas,
                             cultures and skill our diversity is an
                             incredible advantage.

3 0 I C O L L E C T I O N O F E S S AY S BY GLOBAL W OM EN LEADERS
Innovation thrives when it                        My own bank, ABN AMRO,                             Europe’s economic power
attracts and encourages a                         has a mission to ‘shape bank-                      can be stronger if it can
diversity of ideas, cultures                      ing for generations to come’                       manage a pragmatic agenda;
and skills – we have no short-                    based on the ideals of sus-                        people want to see results.
age of that across Europe;                        tainability and sharing. Our                       Policymakers need to
our diversity is an incredible                    Clearing services are based                        harness the power of data
advantage.                                        on transparent, safe and ef-                       and behavioural science to
                                                  ficient markets with the aim                       inform themselves of what
We need leadership that                           of ensuring sustainability of                      their citizens really want and
cultivates cooperation and                        business. We play a large role                     how they act. Companies can
collaboration. Leadership                         in the financial infrastruc-                       play a strong part in that re-
that recognises the quali-                        ture. We require a robust                          search by providing technol-
ties needed to make things                        Europe to facilitate invest-                       ogy, research and resources.
happen. We should frame                           ments, exchange ideas and
our wins as a benefit to all of                   develop resources to deliver                       And, besides diversity in
Europe, not just individual                       appropriate services to the                        general terms, we need to
countries. We also need to                        European markets. We are a                         harness the collective power
find a way of providing the                       global company with a strong                       of women, both in business
rewards to all countries too.                     European offering, with                            and in government. We need
After all, it is very rare to find                offices based in Frankfurt,                        to encourage positive dia-
successful companies that                         London and Amsterdam.                              logue where women can take
don’t draw on the talents                         Our teams are comprised of                         part and influence decisions.
of individuals from across                        many different European na-                        We can’t be fully representa-
Europe – and indeed the                           tionals speaking a common                          tive of Europe if women don’t
world.                                            business language. Our focus,                      take their place within it.
                                                  therefore, is on running an
Europe can initiate and                           ethical business and making                        We should all be proud
facilitate campaigns based                        sure we are as transparent as                      Europeans. We have much
on sustainability and tech-                       possible. It is those kinds of                     to look forward to. We need
nological advances. It is up to                   ideas that we need to see gov-                     to embrace the power and
individuals and companies                         ern a European framework:                          diversity of Europe; invite di-
to take advantage of the                          openness, transparency, and                        alogue on differing opinions;
opportunities that lie within                     ethics.                                            look for collaboration and
that framework.                                                                                      commonalities. Don’t let the
                                                  We can use data to make                            established order stifle curi-
Corporates and data                               better decisions, whether that                     osity and affinity for change.
                                                  is diagnostic or prescriptive.
There is no doubt that corpo-                     We work a lot on interpreting                      We must look to the grass
rations have a role to play in                    data and making sense of it.                       roots to carry us forward.
the shaping of a new Europe.                      Without knowing what data is                       And let us be proud that for
In many ways, data is the                         telling you, it’s not much use.                    all who live here, we were all
new enabler. Just as we use                                                                          ‘Made in Europe’, in some
it in business to inform our                      European policymakers can                          shape or form, and will
decisions, we can harness its                     supplement this by using                           continue to do so well into
power – for good – to inform                      behavioural science research                       the future.
the way it shapes Europe.                         to create insights rather than
                                                  assumptions.

The views and opinions explained in this article are those of the author and do not necessarily reflect the position of ABN AMRO Clearing Bank.

                                                         TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 31
Evelyne Gebhardt
Vice-President, European Parliament
Women and girls are seizing
                                 the opportunity to stand up for gender
                                 rights and fight for an equal, inclusive,
                                 diverse and democratic future.

How Do You Envisage               is still a very awful reality.          If we take a look at the last
Tomorrow’s Europe?                It is striking, but despite             nominations to key positions
                                  these facts there has been a            in EU banking and financial
On March 8, protestors all        backlash against women’s                entities, we see that, once
over the European Union           rights throughout the EU in             again, there were no female
took the streets to raise         the last few years. Beside the          candidates notwithstand-
awareness on gender-based         salary gap, the glass ceiling           ing the clear breach of the
inequality and violence. In       and gender violence, in some            principle of gender balance.
Madrid alone, more than           European countries the far              If a man becomes a father, it
350,000 people joined such        right is leading an aggressive          is presumed he is particularly
marches. In other European        campaign against women’s                responsible. If, on the other
cities, the number of dem-        and LGTBIQ rights as well               hand, a woman becomes a
onstrators reached similar        as planning to repeal gender            mother, the popular picture
levels. Women and girls are       legislation. We cannot accept           still remains that she will
seizing the opportunity to        this. We have been fighting             put her career in second
stand up for gender rights        for equal rights for genera-            place. This is tremendously
and fight for an equal, inclu-    tions and we cannot allow               disturbing.
sive, diverse and democratic      our victories to be threatened
future.                           now. Nor can we sit back and            We need measures like
                                  accept the current status               quotas for women running
Indeed, there are very good       quo; these battles have been            for office. At the European
reasons for women to claim        hard fought, but there is still a       level there are various things
their rights. There is not one    long way to go.                         that we have to do. Ensuring
country in the world that has                                             gender balance should be
achieved real gender equality.    First, we have to increase the          a general principle when
Thus, despite being increas-      number of women in political            appointing and renewing
ingly well qualified, women       leadership positions. Parity            official posts in all EU institu-
are still paid less than men      between women and men                   tions. Political parties should
for comparable work. In addi-     in politics is not only fair. It        ensure gender-balanced
tion, they are underrepresent-    is also necessary to ensure             representation of candidates
ed in political decision-mak-     that those who yield policies           for the European Parliament
ing and, to make things           truly represent half of the             elections, for example, via
worse, gender-based violence      population, that is, women.             parity lists. Moreover, to

                                       TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 33
With determination and persistence, we can
           move closer to the objective of equality in the
           distribution of power between men and women.

3 4 I C O L L E C T I O N O F E S S AY S BY GLOBAL W OM EN LEADERS
ensure gender balance in         for unpaid care work between            forward, for instance man-
the European College of          men and women. Member                   datory trainings on sexual
Commissioners, Member            States have to implement                harassment.
States should designate at       ambitious legislation in this
least two candidates of each     respect.                                With determination and
gender to be considered by                                               persistence, we can move
the elected President of the     It is our mission to fight for          closer to the objective of
Commission.                      a Europe that is free from              equality in the distribution
                                 violence against women. A               of power between men and
We have to eliminate the         study from the EU Agency of             women. It is our mission as
gender pay gap as well as the    Fundamental Rights shows                progressive forces in Europe
gender pension gap.              that one in three women                 to counter these profound
The so-called ‘equal pay day’    has experienced some form               injustices and work hard
symbolises how far into the      of physical and/or sexual               on all levels to achieve real
year women must work to          violence since the age of 15.           social inclusion. Because that
earn the same as men. This       Violence against women                  is the Europe I envisage. A
year it stands at 22 February    has its origin in economic              Europe that acts in the face
in Spain, 27 February in         dependence vis-à-vis men.               of injustices. A Europe that is
the EU overall, 18 March in      This also contributes to social         critical and that fights for its
Germany and 25 March in          inequalities between men                rights. Nothing is permanent;
France. But why is it that       and women. Often, traditions            we need to remain constantly
women’s work is under-           and religious values are                vigilant. Especially, when it
valued in such an unfair         brought forward as a justi-             comes to the achievement
manner? Very few people          fication. While violence can            of social rights. And, more
know the exact amount of         take many forms, psycholog-             concretely, with respect
money their colleagues earn,     ical violence and harassment            to gender equality, much
which explains how even the      - as opposed to physical and            remains to be done.
most blatant differences go      sexual violence - are often
unnoticed.                       neglected.

Gender stereotypes play a        In order to counter these
                                                                              We have to
big role here. They start at
an early age and extend into
                                 different forms of violence,
                                 greater awareness of sexual
                                                                              increase
adulthood. They lead to gen-     harassment is key to leading                 the number
der segregation in education     to concrete change. In
and in the labour market.        France, anti-street har-                     of women
Women normally face a            assment ('wolf-whistling')
more precarious working life     legislation has now been                     in political
throughout their lives than
their male counterparts.
                                 adopted. In Sweden, after the
                                 latest reform, the definition
                                                                              leadership
Women often do part-time
work and take up care
                                 of rape no longer includes
                                 the requirement of evidence
                                                                              positions.
responsibilities. Families and   of force or resistance. In
societies depend on this care    the sphere of the European
work, yet for women it results   Parliament, concrete actions
in lower earnings and fewer      to counter harassment
career prospects. We need a      and discrimination at the
fair balance of responsibility   workplace have been put

                                      TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 35
Arancha González
Executive Director, International Trade Centre
Improving ties among the research
       and business communities would
       help bring innovations to market
       more swiftly.

Europeans looking ahead to       its corporate sector accounts           change and open trade while
the rest of the 21st century     for 26% of global business              ensuring that most people
have cause both for concern      R&D. The size of the single             are equipped to share in
and optimism. In both geo-       market, together with skilful           the gains. And it is parts of
political and geo-economics      commercial diplomacy, has               Europe that top the global
terms, the re-emergence          made the European Union                 league tables for legal, polit-
of great powers in Asia has      a ‘regulatory superpower’               ical, and economic equality
diminished Europe’s relative     whose rules, from compe-                between men and women. To
standing in the world. The       tition policy to the general            be fair, Europe still has a way
security assumptions that        data protection regulation,             to go, but in relative terms
underpinned the past seven       influence how companies                 it fares relatively well in the
decades of European inte-        do business far beyond the              world.
gration no longer seem so        continent’s borders.
assured. Demographically,                                                Yet for tomorrow’s Europe
Europe is ageing, with many      Perhaps most importantly,               to exert international clout
countries’ populations           it is in Europe that we see             and influence, it will have to
projected to start shrinking     the furthest steps towards              achieve economic growth
by 2050. In the defining         demonstrating that prosper-             that is strong, broadly shared
industry of our time – digital   ity can be decoupled from               across society, and envi-
technology – European firms      carbon emissions. Though                ronmentally sustainable.
underperform on the global       much more remains to be                 Growth, however, is precisely
stage.                           done, decarbonised growth               where Europe has underper-
                                 is an essential part of a               formed its peers in recent
At the same time, Europe is      response to the climate crisis          years. Health, education, and
well placed to benefit from      that is both effective and              pension systems have been
a more prosperous world. It      politically sustainable. It is          squeezed amid weak growth
remains one of the world’s       European countries, particu-            and the needs of a growing
biggest and richest econo-       larly the Nordics, that have            senior population. Gaps have
mies. The continent, though      developed the social protec-            widened between globally
home to only 7% of the global    tion and active labour mar-             connected and unconnected
population, accounts for         ket systems that enable soci-           segments of the economy,
over a fifth of the world’s      eties to seize the productivity         and between thriving cities
research and development;        benefits of technological               and struggling hinterlands.

                                      TOM ORROW ’S EUROPE – I NCLUSI VE, I NNOVATI VE, I NTERCONNECTED I 37
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