Nick Clegg says lack of EU digital single market has hindered development of European te... - Business Insider

Facebook's global policy chief Nick Clegg spoke to EU lawmakers on Wednesday.

Clegg said the reason there hasn't been a European tech success to rival Facebook or Google is because the EU has failed to create a "digital single market."Visit Business Insider's homepage for more storiesEurope has itself to blame for not producing a Facebook or a Google, according to Facebook's global policy chief Nick Clegg.

"The digital single market doesn't really exist in reality," Clegg said. "If you're a small tech startup in Lisbon you still have to navigate endless intellectual property laws, and the various rules for the licensing of content, and the obstacle of the delivery of goods bought online, and so on." "My own slight concern is that whilst policymakers in Europe quite understandably talk about digital sovereignty and new regulation — much of which I'm sure is well-founded and well placed — in the end, the single biggest ingredient which would help Europe to compete against China and America is finishing an old project, not starting a new one. And that is creating this unfinished digital single market," said Clegg.

Just kick them out if they don't want to follow the laws.

Even if that's true, it's a good thing not a bad thing. Facebook as it exists now is a bane not a boon. DeleteFacebook

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

An inside look at aerial firefighting of raging West Coast wildfires - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Limited-time offer: Business Insider subscription with Brex card - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Who TF would want a business insider subscription Why don't I get this with my AMEX platinum?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Capgemini on how to scale digital transformation projects - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Bind enters employer market with new approach to health insurance - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How Jio's $54 smartphone will upend the Indian market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »