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EU Digital Markets And Services Acts: A Bold Move
Dec 15 2020
In a recent interview, French President Macron said, “The United States has the GAFA [Google, Apple, Facebook, and Amazon], China has the BATX [Baidu, Alibaba, Tencent, and Xiaomi]. And Europe? We have the GDPR. It’s time to have our own technological sovereignty and not depend only on American or Chinese solutions!”
As we recently analyzed in this report, the European digital economy must act boldly or it will die slowly. Regulation is one of the many components to Europe’s digital renaissance since it will be key to move from protectionism to innovation. That said, today’s announcement from the EU Commission is a first bold move into Europe’s digital renaissance.