Torsten Reil

Yeah, it's interesting. I also think that people over-index on the environment and about having the right regulatory settings and tax and everything else around it. I actually think none of the stuff really matters that much. I think what really matters is founder quality and founder ambition. For a country to be successful, they should attract the most aggressive founders.

Yeah, it's interesting. I also think that people over-index on the environment and about having the right regulatory settings and tax and everything else around it. I actually think none of the stuff really matters that much. I think what really matters is founder quality and founder ambition. For a country to be successful, they should attract the most aggressive founders.

And everything else is a lot less important.

And everything else is a lot less important.

And everything else is a lot less important.

Certainly companies in energy. Energy sovereignty is a huge issue. Some of that may be in conventional technologies. Some of it may be in future technologies like fusion. We need sovereignty ideally around semiconductors. It's going to be very hard to achieve unless there are big changes in technology and various other areas. Obviously, defense is another one and a few others.

Certainly companies in energy. Energy sovereignty is a huge issue. Some of that may be in conventional technologies. Some of it may be in future technologies like fusion. We need sovereignty ideally around semiconductors. It's going to be very hard to achieve unless there are big changes in technology and various other areas. Obviously, defense is another one and a few others.

Certainly companies in energy. Energy sovereignty is a huge issue. Some of that may be in conventional technologies. Some of it may be in future technologies like fusion. We need sovereignty ideally around semiconductors. It's going to be very hard to achieve unless there are big changes in technology and various other areas. Obviously, defense is another one and a few others.

I'm not sure whether we'll be able to create those companies kind of in the next two or three years to a point where they provide sufficient sovereignty, but I'm very sure we can do it over the next five to ten years.

I'm not sure whether we'll be able to create those companies kind of in the next two or three years to a point where they provide sufficient sovereignty, but I'm very sure we can do it over the next five to ten years.

I'm not sure whether we'll be able to create those companies kind of in the next two or three years to a point where they provide sufficient sovereignty, but I'm very sure we can do it over the next five to ten years.

It is very hard to predict. We just don't know how things are going to pan out over the next few months and a couple of years. But I think we do have to take the threat to the NATO Eastern flag seriously. I think we have to take it much more seriously than we are doing it right now in the UK and in Germany and other countries.

It is very hard to predict. We just don't know how things are going to pan out over the next few months and a couple of years. But I think we do have to take the threat to the NATO Eastern flag seriously. I think we have to take it much more seriously than we are doing it right now in the UK and in Germany and other countries.

It is very hard to predict. We just don't know how things are going to pan out over the next few months and a couple of years. But I think we do have to take the threat to the NATO Eastern flag seriously. I think we have to take it much more seriously than we are doing it right now in the UK and in Germany and other countries.

I think Scandinavian countries take it a lot more seriously as do the Baltics. They take it extremely seriously and I think we should listen to them. I think the threat is extremely plausible in the next few years.

I think Scandinavian countries take it a lot more seriously as do the Baltics. They take it extremely seriously and I think we should listen to them. I think the threat is extremely plausible in the next few years.

I think Scandinavian countries take it a lot more seriously as do the Baltics. They take it extremely seriously and I think we should listen to them. I think the threat is extremely plausible in the next few years.

What happens in China and Taiwan? Again, I think it's plausible that there will be a conflict. I don't think it's 10 years away if it happens. It's probably quite a lot sooner than that. But it depends on how the next, again, few months and years are going to pan out. Again, I think there is a danger, and it's obviously a clearly stated goal of China to reunite, as they put it.

What happens in China and Taiwan? Again, I think it's plausible that there will be a conflict. I don't think it's 10 years away if it happens. It's probably quite a lot sooner than that. But it depends on how the next, again, few months and years are going to pan out. Again, I think there is a danger, and it's obviously a clearly stated goal of China to reunite, as they put it.

What happens in China and Taiwan? Again, I think it's plausible that there will be a conflict. I don't think it's 10 years away if it happens. It's probably quite a lot sooner than that. But it depends on how the next, again, few months and years are going to pan out. Again, I think there is a danger, and it's obviously a clearly stated goal of China to reunite, as they put it.