Oettinger and Schneider write that the European Commission will do its part and soon launch a major initiative addressing the deployment in Europe of a world-class data and computing infrastructure: the European Cloud Initiative. This strategy includes the HPC infrastructure layer and foresees a Cloud where data needed for European research can be stored and processed. It builds on the idea that no Member State on its own can finance the infrastructure needed but we have to coordinate our financial instruments.
Concerning the financing they think that to develop the HPC part, the EU needs several billion euros an amount no individual Member State can or is willing to finance on its own. That is why everyone has to join forces to close the investment gap by bringing together regional and national funding with complementary European funding mechanisms.