The EPC was announced by Macron in a speech on May 9, 2022, as a way to move forward simultaneously on both enlarging and deepening the Union. Ukraine and Moldova were granted EU candidate accession status by the European Council in June 2022, followed by the Czechs’ hosting of the first meeting of the European Political Community (EPC) in Prague in October 2022. German Chancellor Olaf Scholz had acknowledged the shift of Europe’s center of gravity to the East in his Prague speech in August 2022 in no uncertain terms: “The center of Europe is moving eastward.” If Paris didn’t assert it so openly, a shift was, in fact, occurring. And, in this symbolic gesture, he is also looking to bridge divergences inside the EU on the way forward for future integration. Macron is now saying that Western Europe lost an opportunity when it didn’t listen to the concerns relayed by the Eastern Europeans. In 2003, French President Jacques Chirac shocked his Eastern partners by declaring they had “lost an opportunity to keep their mouths shut,” in reference to their support of the U.S. The speech at GLOBSEC conveys a sense of unity, defends a commonality of purpose for the future of the European Union and European security, and atonements for his and his predecessors’ neglect of Eastern Europe. Macron was once a proponent of rapprochement between Europe and Russia, much to the dismay of Central and Eastern Europeans, for whom NATO’s Article 5 security guarantee is existential. Through the partnership between LIBF and IU, both institutions will stay ahead of the curve and remain competitive in the banking and finance education market, ensuring their students receive the latest knowledge and skills required for the industry.On May 31, 2023, French President Emmanuel Macron gave a speech at GLOBSEC, a security conference organized by a think tank in the Slovak capital Bratislava, wherein he formalized his much-awaited opening to the East of Europe. Fintech, including cryptocurrency, online payment platforms, robo-advisers, and AI, continues to reshape the way people interact with money. These advancements are also applicable to the banking industry.Īs the banking sector undergoes rapid changes, online banking has become the norm, and customer expectations are transforming the operations of retail banks. With over 100,000 students, IU is at the forefront of technological developments in higher education, including their own edtech innovation, “Syntea” (synthetic teaching assistant). IU has successfully implemented personalized and hybrid learning models, as well as integrated AI and ChatGPT technology into its courses, contributing to its success. To remain competitive in the education market, higher education institutions must adapt to the advancements in AI and technology. Partnering with one of Europe’s most successful and technologically advanced education companies is a fantastic opportunity for LIBF.” ![]() The newly co-developed online study programs at LIBF will focus on critical skills such as data and computer science, artificial intelligence, and international business management, aligning with the demands of the finance and business sectors.Īlex Fraser, CEO of LIBF, commented on the partnership, stating, “This collaboration represents a significant step forward for LIBF and opens up exciting opportunities for our students, members, and staff as we expand our services globally. LIBF will adopt this successful approach by integrating IU’s established online degree programs into their offerings. These advantages appeal to individuals who are juggling work, family, and other commitments. He emphasized that IU’s flexible online approach and innovative learning models enable students to stay ahead in an ever-evolving landscape. Schuett also highlighted the importance of embracing technology in education, particularly artificial intelligence (AI). By leveraging LIBF’s expertise in the banking and finance sector alongside IU’s leadership in edtech, we envision numerous synergies that will offer students a top-rated and customisable education, irrespective of their geographical location.” This collaboration allows us to further our mission of providing accessible education to all. The acquisition, which became official on 31 March 2023, brings LIBF into the IU Group as a wholly owned UK subsidiary (LIBF Ltd.), marking a significant milestone for both institutions.ĭr Sven Schuett, CEO of IU Group, expressed his enthusiasm about the partnership, stating, “We are delighted to welcome LIBF to the IU family. ![]() The London Institute of Banking & Finance (LIBF) has joined forces with IU Group, Europe’s leading edtech company and the owner of IU International University of Applied Sciences (IU), Germany’s largest and fastest-growing university.
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