{"id":13422,"date":"2025-09-05T14:34:08","date_gmt":"2025-09-05T12:34:08","guid":{"rendered":"https:\/\/themis-foresight.com\/future-capital-markets\/"},"modified":"2025-09-07T07:32:40","modified_gmt":"2025-09-07T05:32:40","slug":"future-capital-markets","status":"publish","type":"page","link":"https:\/\/themis-foresight.com\/en\/future-capital-markets\/","title":{"rendered":"Futures capital markets"},"content":{"rendered":"<div>\n<p>    <img decoding=\"async\" src=\"\/wp-content\/uploads\/2025\/09\/capital-markets-2.jpg\" alt=\"\"><\/p>\n<h3>2025-01-15-Szenarien-Mockup-Gelb<\/h3>\n<\/div>\n<h1><span>Futures of the European Capital Market: Defense, Digital, Infrastructure &amp; Energy<\/span><\/h1>\n<div><span>James Hoefnagels, Katharina Michalski, Felix Tegeler, Jan Berger, Martin Hartmann, Heiko Ludwig<\/span><\/div>\n<ul>\n<li>\n<h3>Content<\/h3>\n<div>\n<p style=\"font-weight: 400;\">Europe finds itself at a crossroads. Decades of dependency meet a new global order in which geopolitics sets the pace. This study, developed by Themis Foresight together with NORD\/LB, shows why Europe\u2019s fragmented and bank-dominated capital markets are too slow and too inefficient to finance strategic ambitions in defense, digital technologies, energy and infrastructure. It argues for a fundamental modernization of capital allocation so that European savings build European capabilities instead of flowing abroad.<\/p>\n<p style=\"font-weight: 400;\">The number is striking. By 2045, around USD 42 trillion must be mobilized. Without this effort, Europe risks funding gaps, mispriced risk and growing external dependencies. Today about 80 percent of defense procurement and 80 percent of corporate spending on cloud and software leave the continent. This weakens sovereignty and negotiating power.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">What the study delivers<\/p>\n<ul style=\"font-weight: 400;\">\n<li>Clear investment pathways in four strategic sectors and a sequence for building industrial and technological capacity.<\/li>\n<li>A structural analysis of Europe\u2019s markets, including the cost of fragmentation, bank dominance and the lack of risk-sharing.<\/li>\n<li>An action agenda for policymakers and the financial industry that links European procurement with new instruments for large-scale private capital mobilization.<\/li>\n<\/ul>\n<\/div>\n<\/li>\n<li>\n<h3>Citation<\/h3>\n<div>\n<p><span>Hoefnagels<\/span>, <span>Michalski<\/span>, <span>Tegeler<\/span>, <span>Berger,<\/span> <span>Hartmann,Ludwig<\/span>(2025). <span>Zuk\u00fcnfte des Europ\u00e4ischen Kapitalmarkts: Verteidigung, Digitale Souver\u00e4nit\u00e4t, Infrastruktur &amp; Energie<\/span><em>.<\/em> Studie von Themis Foresight GmbH, Berlin.<span class=\"Apple-converted-space\">\u00a0<\/span>Aufgerufen am ___ auf: www.themis-foresight.com\/publications\/futures-capital-markets<\/p>\n<p>Presseanfragen an:<br \/><em>Eike W\u00f6rrlein<br \/><\/em><a href=\"mailto:eike.woerrlein@themis-foresight.com\">eike.woerrlein@themis-foresight.com<\/a><\/p>\n<p>Weiterverbreitung:<\/p>\n<p xmlns:cc=\"http:\/\/creativecommons.org\/ns#\" xmlns:dct=\"http:\/\/purl.org\/dc\/terms\/\"><span>Zuk\u00fcnfte des Europ\u00e4ischen Kapitalmarkts: Verteidigung, Digitale Souver\u00e4nit\u00e4t, Infrastruktur &amp; Energie<\/span> by <span>James Hoefnagels, Katharina Michalski, Felix Tegeler, Jan Berger, Martin Hartmann, Heiko Ludwig<\/span>\u00a0is licensed under <a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\/?ref=chooser-v1\" target=\"_blank\" rel=\"license noopener noreferrer\" style=\"display: inline-block;\">CC BY-NC-SA 4.0<img decoding=\"async\" style=\"height: 22px!important; margin-left: 3px; vertical-align: text-bottom;\" src=\"https:\/\/mirrors.creativecommons.org\/presskit\/icons\/cc.svg?ref=chooser-v1\" alt=\"\" \/><img decoding=\"async\" style=\"height: 22px!important; margin-left: 3px; vertical-align: text-bottom;\" src=\"https:\/\/mirrors.creativecommons.org\/presskit\/icons\/by.svg?ref=chooser-v1\" alt=\"\" \/><img decoding=\"async\" style=\"height: 22px!important; margin-left: 3px; vertical-align: text-bottom;\" src=\"https:\/\/mirrors.creativecommons.org\/presskit\/icons\/nc.svg?ref=chooser-v1\" alt=\"\" \/><img decoding=\"async\" style=\"height: 22px!important; margin-left: 3px; vertical-align: text-bottom;\" src=\"https:\/\/mirrors.creativecommons.org\/presskit\/icons\/sa.svg?ref=chooser-v1\" alt=\"\" \/><\/a><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<h3>Date<\/h3>\n<div>\n<p>July 2025<\/p>\n<\/div>\n<\/li>\n<li>\n<h3>Language<\/h3>\n<div>\n<p>EN<\/p>\n<\/div>\n<\/li>\n<\/ul>\n<div>\n<h3> Zur Analyse<\/h3>\n<div>\n<noscript class=\"ninja-forms-noscript-message\">\n\tNotice: JavaScript is required for this content.<\/noscript>\n<div id=\"nf-form-40-cont\" class=\"nf-form-cont\" aria-live=\"polite\" aria-labelledby=\"nf-form-title-40\" aria-describedby=\"nf-form-errors-40\" role=\"form\">\n\n    <div class=\"nf-loading-spinner\"><\/div>\n\n<\/div>\n        <!-- That data is being printed as a workaround to page builders reordering the order of the scripts loaded-->\n        <script>var formDisplay=1;var nfForms=nfForms||[];var form=[];form.id='40';form.settings={\"objectType\":\"Form Setting\",\"editActive\":true,\"title\":\"EN-014 Futures of the European Capital Market: Defense, Digital, Infrastructure &amp; Energy\",\"created_at\":\"2023-02-17 12:19:17\",\"default_label_pos\":\"hidden\",\"show_title\":\"0\",\"clear_complete\":\"1\",\"hide_complete\":\"1\",\"logged_in\":\"0\",\"wrapper_class\":\"\",\"element_class\":\"\",\"key\":\"\",\"add_submit\":\"1\",\"currency\":\"\",\"unique_field_error\":\"Ein Formular mit diesen Daten wurde bereits \\u00fcbermittelt.\",\"not_logged_in_msg\":\"\",\"sub_limit_msg\":\"The form has reached its submission limit.\",\"calculations\":[],\"formContentData\":[\"vorname_1623075043517\",\"nachname_1623075047583\",\"e-mail_1623075051321\",\"unternehmen_1623137016155\",\"job-position_1625558726828\",\"i_agree_that_themis_foresight_may_use_my_information_in_accordance_with_less_than_a_href_https_themis-foresight_com_datenschutz_greater_than_privacy_policy_less_than_a_greater_than_for_the_purpose_of_contacting_me_1676633340783\",\"i_want_to_be_informed_when_there_is_a_new_study_or_a_new_analysis_1676633485738\",\"download_1676633488904\"],\"drawerDisabled\":false,\"changeEmailErrorMsg\":\"Please enter a valid email address!\",\"changeDateErrorMsg\":\"Please enter a valid date!\",\"confirmFieldErrorMsg\":\"These fields must match!\",\"fieldNumberNumMinError\":\"Number Min Error\",\"fieldNumberNumMaxError\":\"Number Max Error\",\"fieldNumberIncrementBy\":\"Please increment by \",\"formErrorsCorrectErrors\":\"Please correct errors before submitting this form.\",\"validateRequiredField\":\"This is a required field.\",\"honeypotHoneypotError\":\"Honeypot Error\",\"fieldsMarkedRequired\":\"Fields marked with an <span class=\\\"ninja-forms-req-symbol\\\">*<\\\/span> are required\",\"repeatable_fieldsets\":\"\",\"form_title_heading_level\":\"3\",\"allow_public_link\":0,\"embed_form\":\"\",\"public_link\":\"https:\\\/\\\/themis-foresight.com\\\/ninja-forms\\\/40f39f\",\"public_link_key\":\"40f39f\",\"objectDomain\":\"display\",\"ninjaForms\":\"Ninja Forms\",\"fieldTextareaRTEInsertLink\":\"Insert Link\",\"fieldTextareaRTEInsertMedia\":\"Insert Media\",\"fieldTextareaRTESelectAFile\":\"Select a file\",\"formHoneypot\":\"If you are a human seeing this field, please leave it empty.\",\"fileUploadOldCodeFileUploadInProgress\":\"File Upload in Progress.\",\"fileUploadOldCodeFileUpload\":\"FILE UPLOAD\",\"currencySymbol\":\"&#36;\",\"thousands_sep\":\",\",\"decimal_point\":\".\",\"siteLocale\":\"en_US\",\"dateFormat\":\"m\\\/d\\\/Y\",\"startOfWeek\":\"1\",\"of\":\"of\",\"previousMonth\":\"Previous Month\",\"nextMonth\":\"Next Month\",\"months\":[\"January\",\"February\",\"March\",\"April\",\"May\",\"June\",\"July\",\"August\",\"September\",\"October\",\"November\",\"December\"],\"monthsShort\":[\"Jan\",\"Feb\",\"Mar\",\"Apr\",\"May\",\"Jun\",\"Jul\",\"Aug\",\"Sep\",\"Oct\",\"Nov\",\"Dec\"],\"weekdays\":[\"Sunday\",\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\"],\"weekdaysShort\":[\"Sun\",\"Mon\",\"Tue\",\"Wed\",\"Thu\",\"Fri\",\"Sat\"],\"weekdaysMin\":[\"Su\",\"Mo\",\"Tu\",\"We\",\"Th\",\"Fr\",\"Sa\"],\"recaptchaConsentMissing\":\"reCaptcha validation couldn&#039;t load.\",\"recaptchaMissingCookie\":\"reCaptcha v3 validation couldn&#039;t load the cookie needed to submit the form.\",\"recaptchaConsentEvent\":\"Accept reCaptcha cookies before sending the form.\",\"currency_symbol\":\"\",\"beforeForm\":\"\",\"beforeFields\":\"\",\"afterFields\":\"\",\"afterForm\":\"\"};form.fields=[{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":1,\"idAttribute\":\"id\",\"label\":\"Vorname\",\"type\":\"firstname\",\"key\":\"vorname_1623075043517\",\"label_pos\":\"hidden\",\"required\":1,\"default\":\"\",\"placeholder\":\"First Name*\",\"container_class\":\"one-halffirst\",\"element_class\":\"\",\"admin_label\":\"\",\"help_text\":\"\",\"custom_name_attribute\":\"fname\",\"field_label\":\"Vorname\",\"field_key\":\"vorname_1623075043517\",\"personally_identifiable\":1,\"value\":\"\",\"drawerDisabled\":false,\"id\":284,\"beforeField\":\"\",\"afterField\":\"\",\"parentType\":\"firstname\",\"element_templates\":[\"firstname\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":2,\"idAttribute\":\"id\",\"label\":\"Nachname\",\"type\":\"lastname\",\"key\":\"nachname_1623075047583\",\"label_pos\":\"hidden\",\"required\":1,\"default\":\"\",\"placeholder\":\"Last Name*\",\"container_class\":\"one-halfsecond\",\"element_class\":\"\",\"admin_label\":\"\",\"help_text\":\"\",\"custom_name_attribute\":\"lname\",\"drawerDisabled\":false,\"field_label\":\"Nachname\",\"field_key\":\"nachname_1623075047583\",\"personally_identifiable\":1,\"value\":\"\",\"id\":285,\"beforeField\":\"\",\"afterField\":\"\",\"parentType\":\"lastname\",\"element_templates\":[\"lastname\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":3,\"idAttribute\":\"id\",\"label\":\"E-Mail\",\"type\":\"email\",\"key\":\"e-mail_1623075051321\",\"label_pos\":\"hidden\",\"required\":1,\"default\":\"\",\"placeholder\":\"Email*\",\"container_class\":\"\",\"element_class\":\"\",\"admin_label\":\"\",\"help_text\":\"\",\"custom_name_attribute\":\"email\",\"field_label\":\"E-Mail\",\"field_key\":\"e-mail_1623075051321\",\"personally_identifiable\":1,\"value\":\"\",\"drawerDisabled\":false,\"id\":286,\"beforeField\":\"\",\"afterField\":\"\",\"parentType\":\"email\",\"element_templates\":[\"email\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":4,\"idAttribute\":\"id\",\"type\":\"textbox\",\"label\":\"Unternehmen\",\"key\":\"unternehmen_1623137016155\",\"label_pos\":\"hidden\",\"required\":\"\",\"default\":\"\",\"placeholder\":\"Company\",\"container_class\":\"\",\"element_class\":\"\",\"input_limit\":\"\",\"input_limit_type\":\"characters\",\"input_limit_msg\":\"verbleibende(s) Zeichen\",\"manual_key\":\"\",\"admin_label\":\"\",\"help_text\":\"\",\"desc_text\":\"<p><br><\\\/p>\",\"mask\":\"\",\"custom_mask\":\"\",\"custom_name_attribute\":\"\",\"personally_identifiable\":\"\",\"value\":\"\",\"drawerDisabled\":false,\"field_label\":\"Unternehmen\",\"field_key\":\"unternehmen_1623137016155\",\"id\":288,\"beforeField\":\"\",\"afterField\":\"\",\"parentType\":\"textbox\",\"element_templates\":[\"textbox\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":5,\"idAttribute\":\"id\",\"type\":\"textbox\",\"label\":\"Job-Position\",\"key\":\"job-position_1625558726828\",\"label_pos\":\"hidden\",\"required\":\"\",\"default\":\"\",\"placeholder\":\"Job Position\",\"container_class\":\"\",\"element_class\":\"\",\"input_limit\":\"\",\"input_limit_type\":\"characters\",\"input_limit_msg\":\"verbleibende(s) Zeichen\",\"manual_key\":\"\",\"admin_label\":\"\",\"help_text\":\"\",\"desc_text\":\"<p><br><\\\/p>\",\"mask\":\"\",\"custom_mask\":\"\",\"custom_name_attribute\":\"\",\"personally_identifiable\":\"\",\"value\":\"\",\"drawerDisabled\":false,\"field_label\":\"Job-Position\",\"field_key\":\"job-position_1625558726828\",\"id\":289,\"beforeField\":\"\",\"afterField\":\"\",\"parentType\":\"textbox\",\"element_templates\":[\"textbox\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":6,\"idAttribute\":\"id\",\"type\":\"checkbox\",\"label\":\"I agree that Themis Foresight may use my information in accordance with <a href=\\\"https:\\\/\\\/themis-foresight.com\\\/datenschutz\\\/\\\">privacy policy<\\\/a> for the purpose of contacting me.\",\"key\":\"i_agree_that_themis_foresight_may_use_my_information_in_accordance_with_less_than_a_href_https_themis-foresight_com_datenschutz_greater_than_privacy_policy_less_than_a_greater_than_for_the_purpose_of_contacting_me_1676633340783\",\"label_pos\":\"right\",\"required\":1,\"container_class\":\"\",\"element_class\":\"\",\"manual_key\":\"\",\"admin_label\":\"\",\"help_text\":\"<p><br><\\\/p>\",\"default_value\":\"unchecked\",\"checked_value\":\"Ausgew\\u00e4hlt\",\"unchecked_value\":\"Nicht ausgew\\u00e4hlt\",\"checked_calc_value\":\"\",\"unchecked_calc_value\":\"\",\"drawerDisabled\":false,\"desc_text\":\"<p><br><\\\/p>\",\"field_label\":\"Ich stimme zu, dass Themis Foresight meine Daten gem\\u00e4\\u00df Datenschutzerkl\\u00e4rung zum Zwecke einer Kontaktaufnahme verwenden darf.\",\"field_key\":\"ich_stimme_zu_dass_themis_foresight_meine_daten_gemaess_less_than_a_href_https_themis-foresight_com_datenschutz_greater_than_datenschutzerklaerung_less_than_a_greater_than_zum_zwecke_einer_kontaktaufnahme_verwenden_darf_1625558449408\",\"id\":290,\"beforeField\":\"\",\"afterField\":\"\",\"value\":\"\",\"parentType\":\"checkbox\",\"element_templates\":[\"checkbox\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":8,\"idAttribute\":\"id\",\"label\":\"I want to be informed when there is a new study or a new analysis.\",\"key\":\"i_want_to_be_informed_when_there_is_a_new_study_or_a_new_analysis_1676633485738\",\"type\":\"unknown\",\"message\":\"Eingabefeld-Typ &quot;mailchimp-optin&quot; nicht gefunden.\",\"id\":291,\"beforeField\":\"\",\"afterField\":\"\",\"value\":\"\",\"label_pos\":\"hidden\",\"parentType\":\"unknown\",\"element_templates\":[\"null\",\"hidden\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap-no-label\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":9,\"idAttribute\":\"id\",\"type\":\"submit\",\"label\":\"Download\",\"processing_label\":\"Processing\",\"container_class\":\"\",\"element_class\":\"\",\"key\":\"download_1676633488904\",\"field_label\":\"Download Analyse\",\"field_key\":\"download_analyse_1667857128444\",\"drawerDisabled\":\"\",\"admin_label\":\"\",\"id\":287,\"beforeField\":\"\",\"afterField\":\"\",\"value\":\"\",\"label_pos\":\"hidden\",\"parentType\":\"textbox\",\"element_templates\":[\"submit\",\"button\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap-no-label\"}];nfForms.push(form);<\/script>\n        \n<\/div>\n<\/div>\n<h2>Mehr Reports und Analysen<\/h2>\n<ul>\n<li>\n<\/li>\n<li>\n<h3>Energie-Zuk\u00fcnfte<\/h3>\n<\/li>\n<li>\n<h3>The Future of Liquidity<\/h3>\n<\/li>\n<li>\n<h3>Die Zukunft der KI im Talentmanagement<\/h3>\n<\/li>\n<\/ul>\n<p><!--more--><br \/>\n<!-- {\"type\":\"layout\",\"children\":[{\"type\":\"section\",\"props\":{\"image_position\":\"center-center\",\"padding\":\"xsmall\",\"style\":\"default\",\"title_breakpoint\":\"xl\",\"title_position\":\"top-left\",\"title_rotation\":\"left\",\"vertical_align\":\"\",\"width\":\"\"},\"children\":[{\"type\":\"row\",\"props\":{\"column_gap\":\"large\",\"layout\":\"1-2,1-2\",\"width\":\"expand\"},\"children\":[{\"type\":\"column\",\"props\":{\"image_position\":\"center-center\",\"position_sticky_breakpoint\":\"m\",\"width_medium\":\"1-2\"},\"children\":[{\"type\":\"slideshow\",\"props\":{\"container_padding_remove\":true,\"height_expand\":true,\"image_loading\":true,\"link_style\":\"default\",\"link_text\":\"Read more\",\"margin\":\"remove-vertical\",\"meta_align\":\"below-title\",\"meta_element\":\"div\",\"meta_style\":\"text-meta\",\"nav\":\"thumbnav\",\"nav_align\":\"center\",\"nav_breakpoint\":\"\",\"nav_position\":\"bottom-center\",\"nav_position_margin\":\"medium\",\"overlay_animation\":\"parallax\",\"overlay_position\":\"center-left\",\"show_content\":true,\"show_link\":true,\"show_meta\":true,\"show_thumbnail\":true,\"show_title\":false,\"slidenav\":\"\",\"slidenav_breakpoint\":\"s\",\"slidenav_margin\":\"medium\",\"slidenav_outside_breakpoint\":\"xl\",\"slideshow_animation\":\"fade\",\"slideshow_autoplay_pause\":true,\"slideshow_height_offset_top\":false,\"slideshow_min_height\":\"600\",\"thumbnav_height\":\"75\",\"thumbnav_nowrap\":true,\"thumbnav_svg_color\":\"emphasis\",\"thumbnav_width\":\"100\",\"title_element\":\"h3\",\"title_hover_style\":\"reset\"},\"children\":[{\"type\":\"slideshow_item\",\"props\":{\"image\":\"wp-content\\\/uploads\\\/2025\\\/09\\\/capital-markets-2.jpg\",\"title\":\"2025-01-15-Szenarien-Mockup-Gelb\"}}]}]},{\"type\":\"column\",\"props\":{\"image_position\":\"center-center\",\"padding\":\"none\",\"position_sticky_breakpoint\":\"m\",\"style\":\"tile-default\",\"width_medium\":\"1-2\"},\"children\":[{\"type\":\"breadcrumbs\",\"props\":{\"animation\":\"none\",\"margin\":\"remove-vertical\",\"show_current\":true,\"show_home\":true}},{\"type\":\"headline\",\"props\":{\"block_align_breakpoint\":\"s\",\"content\":\"<span>Futures of the European Capital Market: Defense, Digital, Infrastructure &amp; Energy<\\\/span>\",\"margin\":\"default\",\"margin_remove_top\":false,\"maxwidth\":\"large\",\"maxwidth_breakpoint\":\"m\",\"text_align\":\"left\",\"title_element\":\"h1\",\"title_style\":\"h2\"}},{\"type\":\"headline\",\"props\":{\"block_align_fallback\":\"center\",\"content\":\"<span>James Hoefnagels, Katharina Michalski, Felix Tegeler, Jan Berger, Martin Hartmann, Heiko Ludwig<\\\/span>\",\"margin\":\"medium\",\"margin_remove_bottom\":true,\"margin_remove_top\":true,\"maxwidth\":\"large\",\"maxwidth_breakpoint\":\"m\",\"text_align\":\"left\",\"title_element\":\"div\",\"title_style\":\"h6\"}},{\"type\":\"switcher\",\"props\":{\"content_column_breakpoint\":\"m\",\"image_align\":\"bottom\",\"image_grid_breakpoint\":\"m\",\"image_grid_width\":\"1-2\",\"image_svg_color\":\"\",\"image_svg_inline\":true,\"link_style\":\"default\",\"link_text\":\"Read more\",\"margin\":\"large\",\"margin_remove_bottom\":false,\"margin_remove_top\":false,\"maxwidth\":\"2xlarge\",\"meta_align\":\"below-title\",\"meta_element\":\"div\",\"meta_style\":\"text-meta\",\"nav\":\"tab\",\"nav_align\":\"left\",\"nav_grid_breakpoint\":\"m\",\"nav_grid_width\":\"auto\",\"nav_margin\":\"small\",\"nav_position\":\"top\",\"show_content\":true,\"show_image\":true,\"show_label\":true,\"show_link\":true,\"show_meta\":true,\"show_thumbnail\":true,\"show_title\":false,\"switcher_animation\":\"fade\",\"switcher_height\":true,\"thumbnav_height\":\"75\",\"thumbnav_svg_color\":\"emphasis\",\"thumbnav_width\":\"100\",\"title_align\":\"top\",\"title_element\":\"h3\",\"title_grid_breakpoint\":\"m\",\"title_grid_width\":\"1-2\"},\"children\":[{\"type\":\"switcher_item\",\"props\":{\"content\":\"\n\n<p style=\\\"font-weight: 400;\\\">Europe finds itself at a crossroads. Decades of dependency meet a new global order in which geopolitics sets the pace. This study, developed by Themis Foresight together with NORD\\\/LB, shows why Europe\\u2019s fragmented and bank-dominated capital markets are too slow and too inefficient to finance strategic ambitions in defense, digital technologies, energy and infrastructure. It argues for a fundamental modernization of capital allocation so that European savings build European capabilities instead of flowing abroad.<\\\/p>\\n\n\n<p style=\\\"font-weight: 400;\\\">The number is striking. By 2045, around USD 42 trillion must be mobilized. Without this effort, Europe risks funding gaps, mispriced risk and growing external dependencies. Today about 80 percent of defense procurement and 80 percent of corporate spending on cloud and software leave the continent. This weakens sovereignty and negotiating power.<\\\/p>\\n\n\n<p style=\\\"font-weight: 400;\\\"><\\\/p>\\n\n\n<p style=\\\"font-weight: 400;\\\">What the study delivers<\\\/p>\\n\n\n<ul style=\\\"font-weight: 400;\\\">\\n\n\n<li>Clear investment pathways in four strategic sectors and a sequence for building industrial and technological capacity.<\\\/li>\\n\n\n<li>A structural analysis of Europe\\u2019s markets, including the cost of fragmentation, bank dominance and the lack of risk-sharing.<\\\/li>\\n\n\n<li>An action agenda for policymakers and the financial industry that links European procurement with new instruments for large-scale private capital mobilization.<\\\/li>\\n<\\\/ul>\",\"image\":\"\",\"title\":\"Content\"}},{\"type\":\"switcher_item\",\"props\":{\"content\":\"\n\n<p><em>Carina St\\u00f6ttner ist Gr\\u00fcnderin und Gesch\\u00e4ftsf\\u00fchrerin von Themis Foresight. <\\\/em>Die Soziologin und Medienwissenschaftlerin war zuvor bei einem Zukunftsforschungsinstitut, in einer Kommunikationsagentur und in der Luftfahrt t\\u00e4tig und ist heute gefragte Speakerin und Autorin.<\\\/p>\\n\n\n<p><em>Jan Berger ist Gr\\u00fcnder und Gesch\\u00e4ftsf\\u00fchrer von Themis Foresight.<\\\/em> Der Historiker und Linguist ist gefragter Sparringspartner von CEOs und Keynote-Speaker. Seine berufliche Laufbahn f\\u00fchrte ihn durch das Verlagswesen, die Immobilienbranche und in ein digitales Startup. Er leitete sieben Jahre lang die Gesch\\u00e4fte des 2b AHEAD ThinkTank und gr\\u00fcndete 2021 Themis Foresight.<\\\/p>\\n\n\n<p><em>Carsten Brandes ist Partnerbeirat bei Themis Foresight und Gesch\\u00e4ftsf\\u00fchrer bei Brandes Consulting<\\\/em>. Er ist ehemaliger Leiter der \\u0160KODA Auto Academy und verf\\u00fcgt \\u00fcber 30 Jahre Berufserfahrung in der Industrie \\u2013 davon \\u00fcber 20 Jahre in verschiedenen F\\u00fchrungs- und Managementpositionen.<\\\/p>\\n\n\n<p><em>Andreas Katzer ist Partnerbeirat bei Themis Foresight und Gesch\\u00e4ftsf\\u00fchrer bei AKA Management Excellence.<\\\/em> Als Executive Advisor begleitet er die F\\u00fchrung von Unternehmen auf ihrem Weg zu nachhaltigem Erfolg, nachdem er \\u00fcber drei Jahrzehnte selbst im Management t\\u00e4tig war, darunter 12 Jahre auf C-Level-Ebene in der globalen Automobilzulieferindustrie.<\\\/p>\",\"image\":\"\",\"status\":\"disabled\",\"title\":\"\\u00dcber die Autoren\"}},{\"type\":\"switcher_item\",\"props\":{\"content\":\"\n\n<p><span>Hoefnagels<\\\/span>, <span>Michalski<\\\/span>, <span>Tegeler<\\\/span>, <span>Berger,<\\\/span> <span>Hartmann,Ludwig<\\\/span>(2025). <span>Zuk\\u00fcnfte des Europ\\u00e4ischen Kapitalmarkts: Verteidigung, Digitale Souver\\u00e4nit\\u00e4t, Infrastruktur &amp; Energie<\\\/span><em>.<\\\/em> Studie von Themis Foresight GmbH, Berlin.<span class=\\\"Apple-converted-space\\\">\\u00a0<\\\/span>Aufgerufen am ___ auf: www.themis-foresight.com\\\/publications\\\/futures-capital-markets<\\\/p>\\n\n\n<p>Presseanfragen an:<br \\\/><em>Eike W\\u00f6rrlein<br \\\/><\\\/em><a href=\\\"mailto:eike.woerrlein@themis-foresight.com\\\">eike.woerrlein@themis-foresight.com<\\\/a><\\\/p>\\n\n\n<p>Weiterverbreitung:<\\\/p>\\n\n\n<p xmlns:cc=\\\"http:\\\/\\\/creativecommons.org\\\/ns#\\\" xmlns:dct=\\\"http:\\\/\\\/purl.org\\\/dc\\\/terms\\\/\\\"><span>Zuk\\u00fcnfte des Europ\\u00e4ischen Kapitalmarkts: Verteidigung, Digitale Souver\\u00e4nit\\u00e4t, Infrastruktur &amp; Energie<\\\/span> by <span>James Hoefnagels, Katharina Michalski, Felix Tegeler, Jan Berger, Martin Hartmann, Heiko Ludwig<\\\/span>\\u00a0is licensed under <a href=\\\"https:\\\/\\\/creativecommons.org\\\/licenses\\\/by-nc-sa\\\/4.0\\\/?ref=chooser-v1\\\" target=\\\"_blank\\\" rel=\\\"license noopener noreferrer\\\" style=\\\"display: inline-block;\\\">CC BY-NC-SA 4.0<img style=\\\"height: 22px!important; margin-left: 3px; vertical-align: text-bottom;\\\" src=\\\"https:\\\/\\\/mirrors.creativecommons.org\\\/presskit\\\/icons\\\/cc.svg?ref=chooser-v1\\\" alt=\\\"\\\" \\\/><img style=\\\"height: 22px!important; margin-left: 3px; vertical-align: text-bottom;\\\" src=\\\"https:\\\/\\\/mirrors.creativecommons.org\\\/presskit\\\/icons\\\/by.svg?ref=chooser-v1\\\" alt=\\\"\\\" \\\/><img style=\\\"height: 22px!important; margin-left: 3px; vertical-align: text-bottom;\\\" src=\\\"https:\\\/\\\/mirrors.creativecommons.org\\\/presskit\\\/icons\\\/nc.svg?ref=chooser-v1\\\" alt=\\\"\\\" \\\/><img style=\\\"height: 22px!important; margin-left: 3px; vertical-align: text-bottom;\\\" src=\\\"https:\\\/\\\/mirrors.creativecommons.org\\\/presskit\\\/icons\\\/sa.svg?ref=chooser-v1\\\" alt=\\\"\\\" \\\/><\\\/a><\\\/p>\",\"title\":\"Citation\"}}]},{\"type\":\"description_list\",\"props\":{\"column_breakpoint\":\"m\",\"layout\":\"grid-2\",\"list_element\":\"ul\",\"list_size\":\"large\",\"list_style\":\"divider\",\"margin\":\"large\",\"maxwidth\":\"xlarge\",\"maxwidth_breakpoint\":\"m\",\"meta_align\":\"below-content\",\"meta_style\":\"text-meta\",\"show_content\":true,\"show_link\":true,\"show_meta\":true,\"show_title\":true,\"title_element\":\"div\",\"title_grid_column_gap\":\"small\",\"title_grid_row_gap\":\"collapse\",\"title_grid_width\":\"small\"},\"children\":[{\"type\":\"description_list_item\",\"props\":{\"_condition\":true,\"content\":\"\n\n<p>July 2025<\\\/p>\",\"title\":\"Date\"}},{\"type\":\"description_list_item\",\"props\":{\"content\":\"\n\n<p>EN<\\\/p>\",\"meta\":\"\",\"title\":\"Language\"}}]}]}]}],\"name\":\"Product\"},{\"type\":\"section\",\"props\":{\"animation\":\"fade\",\"css\":\".el-section {\\n    background: linear-gradient(45deg, rgba(0,21,58,0.9) 0%, rgba(0,21,89,0.7) 26%, rgba(0,53,130,0.8) 100%);\\n}\\n\\n@media (min-width: 960px) {\\n.el-section {\\n  padding-bottom: 70px;\\n}\\n}\\n\\n@media (min-width: 960px) {\\n.uk-container {\\n    width: calc(100% - 360px);\\n}\\n}\",\"id\":\"experts\",\"image_position\":\"center-center\",\"padding\":\"small\",\"status\":\"disabled\",\"style\":\"secondary\",\"title_breakpoint\":\"xl\",\"title_position\":\"top-left\",\"title_rotation\":\"left\",\"vertical_align\":\"\",\"width\":\"expand\"},\"children\":[{\"type\":\"row\",\"children\":[{\"type\":\"column\",\"props\":{\"image_position\":\"center-center\",\"position_sticky_breakpoint\":\"m\"},\"children\":[{\"type\":\"headline\",\"props\":{\"content\":\"Expert:innen der Studie\",\"title_element\":\"h2\"}},{\"type\":\"panel-slider\",\"props\":{\"content_column_breakpoint\":\"m\",\"content_margin\":\"small\",\"content_style\":\"text-meta\",\"css\":\".el-content {\\n    color: #111;\\n}\\n\\n.uk-dotnav > * > * {\\n    width: 15px;\\n    height: 15px;\\n    border-radius: 100%;\\n    background-color: rgba(255,255,255,.5);\\n}\\n\\n.uk-dotnav > * {\\n  padding-left: 15px;\\n}\\n\\n.uk-dotnav > .uk-active > * {\\n    background-color: #fff;\\n}\\n\\n.uk-dotnav>*>:hover {\\n    background-color: #fff;\\n}\",\"icon_width\":80,\"image_align\":\"top\",\"image_border\":\"circle\",\"image_grid_breakpoint\":\"m\",\"image_grid_width\":\"1-2\",\"image_height\":\"250\",\"image_link\":false,\"image_svg_color\":\"emphasis\",\"image_width\":\"250\",\"link_style\":\"default\",\"link_text\":\"Read more\",\"margin\":\"medium\",\"meta_align\":\"below-title\",\"meta_element\":\"div\",\"meta_style\":\"text-meta\",\"nav\":\"dotnav\",\"nav_align\":\"center\",\"nav_breakpoint\":\"\",\"panel_match\":true,\"show_content\":true,\"show_hover_image\":true,\"show_hover_video\":true,\"show_image\":true,\"show_link\":true,\"show_meta\":true,\"show_title\":true,\"show_video\":true,\"slidenav\":\"outside\",\"slidenav_breakpoint\":\"m\",\"slidenav_large\":true,\"slidenav_margin\":\"medium\",\"slidenav_outside_breakpoint\":\"m\",\"slider_autoplay_pause\":true,\"slider_gap\":\"large\",\"slider_sets\":true,\"slider_width\":\"fixed\",\"slider_width_default\":\"1-1\",\"slider_width_large\":\"1-4\",\"slider_width_medium\":\"1-3\",\"slider_width_small\":\"1-2\",\"slider_width_xlarge\":\"1-5\",\"text_align\":\"center\",\"title_align\":\"top\",\"title_element\":\"h5\",\"title_grid_breakpoint\":\"m\",\"title_grid_width\":\"1-2\",\"title_hover_style\":\"reset\"},\"children\":[{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Vassiliadis-Michael_-scaled.jpg\",\"meta\":\"Vorsitzender der Gewerkschaft IG Bergbau, Chemie, Energie\",\"title\":\"Michael Vassiliadis\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Welsch-Frank.webp\",\"meta\":\"Ehemaliger Entwicklungsvorstand bei \\u0160koda und Volkswagen\",\"title\":\"Dr. Frank Welsch\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Windelband-Lars-Prof-Dr-Lars.jpeg\",\"meta\":\"Professur Berufsp\\u00e4dagogik, KIT\",\"title\":\"Prof. Dr. Lars Windelband\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Abdelghani-Ines.jpeg\",\"meta\":\"Vice President, Head of Business Strategy Siemens Energy Gas Services\",\"title\":\"Ines Abdelghani\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Ackermann-Clemens-scaled.jpg\",\"meta\":\"Stellv. Gesch\\u00e4ftsf\\u00fchrer  ARENA2036\",\"title\":\"Dr. Clemens Ackermann\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Aiginger-Karl.jpg\",\"meta\":\"Wirtschaftsforscher an der Universit\\u00e4t Wien, ehem. Leiter WIFO\",\"title\":\"Prof. Mag. Dr. Karl Aiginger\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Arnold-Andreas.jpeg\",\"meta\":\"Communications Business Partner Automotive bei ABB Robotics & Discrete Automation\",\"title\":\"Andreas Arnold\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Blechschmidt-Joerg-Dr.jpeg\",\"meta\":\"Product Owner Foresight DB Systel\",\"title\":\"Dr. J\\u00f6rg Blechschmidt\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Boisvert-Sarah.webp\",\"meta\":\"Founder New Collar Network\",\"title\":\"Sarah Boisvert\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Eichhorst-Werner-scaled.jpg\",\"meta\":\"Team Leader, Coordinator of Labor Market and Social Policy in Europe, Institute of Labor Economics IZA\",\"title\":\"Prof. Dr. Werner Eichhorst\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Freier-Astrid.png\",\"meta\":\"CEO & Co-Founder RegTech Berlin GmbH\",\"title\":\"Astrid Freier\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Froeschle-Peter-scaled.jpg\",\"meta\":\"Gesch\\u00e4ftsf\\u00fchrer ARENA2036\",\"title\":\"Peter Froeschle\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Grip-De-Andries_De_Grip.gif\",\"meta\":\"Prof. Economics, Research Centre for Education & Labour Market (ROA), School of  Business and Economics (SBE), Maastricht University, the Netherlands\",\"title\":\"Dr. Andries de Grip\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Grohnert-Ana-Cristina.jpeg\",\"meta\":\"Founding Partner und Gesch\\u00e4ftsf\\u00fchrerin  Berlin Advisors Group & Score for Impact\",\"title\":\"Ana-Cristina Grohnert\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Hansl-mArio.jpeg\",\"meta\":\"Engineering Management bei Jacobs & Digital Transformation Leader\",\"title\":\"Mario Hansl\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Hemkes-Barbara.jpg\",\"meta\":\"Arbeitsbereichsleiterin Innovative Weiterbildung, Durchl\\u00e4ssigkeit, Modellversuche beim Bundesinstitut f\\u00fcr Berufsbildung\",\"title\":\"Barbara Hemkes\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Hoffmann_Tobias_IHKBS.jpg\",\"meta\":\"Pr\\u00e4sident der IHK Braunschweig\",\"title\":\"Tobias Hoffmann\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Ilg-Benedikt.jpg\",\"meta\":\"CEO & Co-Founder Flip\",\"title\":\"Benedikt Ilg\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Kalkowski-Jan.jpg\",\"meta\":\"Vorstand der GASB - German Association for Synthetic Biology\",\"title\":\"Jan Kalkowski\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Kuepper-Stefan.jpg\",\"meta\":\"Gesch\\u00e4ftsf\\u00fchrer Politik, Bildung & Arbeitsmarkt beim Arbeitgeberverband S\\u00fcdwestmetall\",\"title\":\"Stefan K\\u00fcpper \"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Lang-Joachim.jpg\",\"meta\":\"Managing Partner von Strategic Minds\",\"title\":\"Dr. Joachim Lang\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Hartwin-Maas-expert-marketplace-65031a20e595b-scaled.jpg\",\"meta\":\"Gr\\u00fcnder und Vorstand des Instituts f\\u00fcr Generationenforschung\",\"title\":\"Hartwin Maas\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Shiraz-Mishra.jpeg\",\"meta\":\"Automatisierungs- und Technologie-Experte\",\"title\":\"Shiraz Mishra\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Nandy-Marc-Oliver.jpg\",\"meta\":\"Director, Head of Global Supply Chain bei Mercedes-Benz AG\",\"title\":\"Marc-Oliver Nandy\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Ngo-Ravindra.jpeg\",\"meta\":\"Founder The Asian Network\",\"title\":\"Ravindra Ngo\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Ogrinz-Andreas-Dr.jpg\",\"meta\":\"Gesch\\u00e4ftsf\\u00fchrer Bildung, Innovation, Nachhaltigkeit beim Bundesarbeitgeberverband Chemie (BAVC)\",\"title\":\"Dr. Andreas Ogrinz\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Pfannenstiel-Peter.jpg\",\"meta\":\"Mitglied der Gesch\\u00e4ftsleitung bei SPIE Deutschland & Zentraleuropa Gesch\\u00e4ftsf\\u00fchrer (COO) bei SPIE SAG GmbH\",\"title\":\"Peter Pfannenstiel\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/poerschmann-gerald.jpeg\",\"meta\":\"Gesch\\u00e4ftsf\\u00fchrender Vorstand bei der Zukunftsallianz Maschinenbau\",\"title\":\"Gerald P\\u00f6rschmann\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/Rieck-Manfred.jpg\",\"meta\":\"VP Individual Solution Development, DB Systel GmbH\",\"title\":\"Manfred Rieck\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2024\\\/07\\\/sager-burkhard.jpg\",\"meta\":\"Mitglied der Gesch\\u00e4ftsleitung SPIE Deutschland & Zentral\\u200beuropa GmbH \",\"title\":\"Burkhard Sager\"}},{\"type\":\"panel-slider_item\",\"props\":{\"content\":\"\",\"image\":\"wp-content\\\/uploads\\\/2023\\\/02\\\/experts.png\",\"title\":\"Andere Expert:innen\"}}]}]}]}],\"name\":\"2024- Industriearbeit Experts\"},{\"type\":\"section\",\"props\":{\"image_position\":\"center-center\",\"style\":\"default\",\"title_breakpoint\":\"xl\",\"title_position\":\"top-left\",\"title_rotation\":\"left\",\"vertical_align\":\"middle\",\"width\":\"default\"},\"children\":[{\"type\":\"row\",\"children\":[{\"type\":\"column\",\"props\":{\"image_position\":\"center-center\",\"position_sticky_breakpoint\":\"m\"},\"children\":[{\"type\":\"accordion\",\"props\":{\"class\":\"yoo\",\"collapsible\":false,\"content_column_breakpoint\":\"m\",\"css\":\".el-element .uk-accordion-title::before {\\n   display:none;\\n}\",\"image_align\":\"top\",\"image_grid_breakpoint\":\"m\",\"image_grid_width\":\"1-2\",\"image_svg_color\":\"emphasis\",\"link_style\":\"default\",\"link_text\":\"Read more\",\"margin\":\"default\",\"show_image\":true,\"show_link\":true},\"children\":[{\"type\":\"accordion_item\",\"props\":{\"content\":\"\n\n<p>[ninja_form id='40']<\\\/p>\",\"title\":\" Zur Analyse\"}}]}]}],\"props\":{\"id\":\"form\",\"margin\":\"default\"}}]},{\"type\":\"section\",\"props\":{\"image_position\":\"center-center\",\"padding\":\"large\",\"preserve_color\":true,\"style\":\"primary\",\"title_breakpoint\":\"xl\",\"title_position\":\"top-left\",\"title_rotation\":\"left\",\"vertical_align\":\"\",\"width\":\"xlarge\"},\"children\":[{\"type\":\"row\",\"children\":[{\"type\":\"column\",\"props\":{\"image_position\":\"center-center\",\"position_sticky_breakpoint\":\"m\",\"width_medium\":\"1-1\"},\"children\":[{\"type\":\"headline\",\"props\":{\"content\":\"Mehr Reports und Analysen\",\"margin\":\"large\",\"text_align\":\"center\",\"title_color\":\"danger\",\"title_element\":\"h2\",\"title_style\":\"h3\"}},{\"type\":\"grid\",\"props\":{\"content_column_breakpoint\":\"m\",\"filter_align\":\"left\",\"filter_all\":true,\"filter_grid_breakpoint\":\"m\",\"filter_grid_width\":\"auto\",\"filter_position\":\"top\",\"filter_style\":\"tab\",\"grid_column_align\":false,\"grid_default\":\"1\",\"grid_medium\":\"4\",\"grid_row_align\":false,\"grid_row_gap\":\"large\",\"grid_small\":\"2\",\"icon_width\":80,\"image_align\":\"top\",\"image_grid_breakpoint\":\"m\",\"image_grid_width\":\"1-2\",\"image_height\":\"400\",\"image_link\":true,\"image_svg_color\":\"emphasis\",\"image_width\":\"610\",\"item_animation\":true,\"lightbox_bg_close\":true,\"link_style\":\"default\",\"link_text\":\"\",\"margin\":\"\",\"meta_align\":\"below-title\",\"meta_element\":\"div\",\"meta_margin\":\"small\",\"meta_style\":\"text-meta\",\"panel_image_no_padding\":true,\"panel_link\":true,\"panel_link_hover\":\"true\",\"panel_padding\":\"default\",\"panel_style\":\"card-default\",\"parallax_easing\":\"1\",\"show_content\":false,\"show_hover_image\":true,\"show_hover_video\":true,\"show_image\":true,\"show_link\":true,\"show_meta\":false,\"show_title\":true,\"show_video\":true,\"text_align\":\"center\",\"title_align\":\"top\",\"title_element\":\"h3\",\"title_grid_breakpoint\":\"m\",\"title_grid_width\":\"1-2\",\"title_hover_style\":\"reset\",\"title_link\":false,\"title_style\":\"h6\"},\"children\":[{\"type\":\"grid_item\",\"props\":{\"meta\":\"\",\"panel_style\":\"card-default\"},\"source\":{\"query\":{\"name\":\"pages.customPage\",\"arguments\":{\"users\":[],\"users_operator\":\"IN\",\"offset\":0,\"order\":\"date\",\"order_direction\":\"DESC\",\"id\":4325}},\"props\":{\"title\":{\"filters\":{\"search\":\"\"},\"name\":\"title\"},\"image\":{\"filters\":{\"search\":\"\"},\"name\":\"featuredImage.url\"},\"link\":{\"filters\":{\"search\":\"\"},\"name\":\"link\"}}}},{\"type\":\"grid_item\",\"props\":{\"meta\":\"\",\"panel_style\":\"card-default\",\"title\":\"Energie-Zuk\\u00fcnfte\"},\"source\":{\"query\":{\"name\":\"pages.customPage\",\"arguments\":{\"users\":[],\"users_operator\":\"IN\",\"offset\":0,\"order\":\"date\",\"order_direction\":\"DESC\",\"id\":5262}},\"props\":{\"image\":{\"filters\":{\"search\":\"\"},\"name\":\"featuredImage.url\"},\"link\":{\"filters\":{\"search\":\"\"},\"name\":\"link\"}}}},{\"type\":\"grid_item\",\"props\":{\"meta\":\"\",\"panel_style\":\"card-default\",\"title\":\"The Future of Liquidity\"},\"source\":{\"query\":{\"name\":\"pages.customPage\",\"arguments\":{\"users\":[],\"users_operator\":\"IN\",\"offset\":0,\"order\":\"date\",\"order_direction\":\"DESC\",\"id\":2359}},\"props\":{\"image\":{\"filters\":{\"search\":\"\"},\"name\":\"featuredImage.url\"},\"link\":{\"filters\":{\"search\":\"\"},\"name\":\"link\"}}}},{\"type\":\"grid_item\",\"props\":{\"meta\":\"\",\"panel_style\":\"card-default\",\"title\":\"Die Zukunft der KI im Talentmanagement\"},\"source\":{\"query\":{\"name\":\"pages.customPage\",\"arguments\":{\"users\":[],\"users_operator\":\"IN\",\"offset\":0,\"order\":\"date\",\"order_direction\":\"DESC\",\"id\":3649}},\"props\":{\"image\":{\"filters\":{\"search\":\"\"},\"name\":\"featuredImage.url\"},\"link\":{\"filters\":{\"search\":\"\"},\"name\":\"link\"}}}}]}]}]}],\"name\":\"Latest Products\"}],\"version\":\"4.5.26\"} --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2025-01-15-Szenarien-Mockup-Gelb Futures of the European Capital Market: Defense, Digital, Infrastructure &amp; Energy James Hoefnagels, Katharina Michalski, Felix Tegeler, Jan Berger, Martin Hartmann, Heiko Ludwig Content Europe finds itself at a crossroads. Decades of dependency meet a new global order in which geopolitics sets the pace. This study, developed by Themis Foresight together with NORD\/LB, shows [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-13422","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/themis-foresight.com\/en\/wp-json\/wp\/v2\/pages\/13422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/themis-foresight.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/themis-foresight.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/themis-foresight.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/themis-foresight.com\/en\/wp-json\/wp\/v2\/comments?post=13422"}],"version-history":[{"count":3,"href":"https:\/\/themis-foresight.com\/en\/wp-json\/wp\/v2\/pages\/13422\/revisions"}],"predecessor-version":[{"id":13444,"href":"https:\/\/themis-foresight.com\/en\/wp-json\/wp\/v2\/pages\/13422\/revisions\/13444"}],"wp:attachment":[{"href":"https:\/\/themis-foresight.com\/en\/wp-json\/wp\/v2\/media?parent=13422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}