1. The Digital Markets Act (DMA): Between European autonomy and transatlantic cooperation
- Author:
- George Tzogopoulos
- Publication Date:
- 11-2021
- Content Type:
- Working Paper
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- Greece is seeking to unleash innovation and digitalization to stabilize its economy in the aftermath of the economic crisis and to recover from the pandemic. Greece is closely monitoring EU regulatory developments on digital affairs and adjusting its legislation accordingly. The proposed Digital Markets Act (DMA) is aligned behind the broader EU strategy of increasing European digital autonomy, an objective also endorsed by Greece. The DMA-related concerns of politicians, experts, representatives of the business sector and start-uppers are important and multifaceted, and ought to be taken into account in Europe (and Greece), especially with regard to the question of the DMA’s allegedly negative impact on innovation. It is in the interest of the EU (and Greece) to strike a balance between the emphasis on regulation and ‘gatekeepers’ on the one hand, and the need for enterprises and start-ups to benefit from services provided by digital giants (often for free) on the other. Combining the above with the pursuit of European digital autonomy is a demanding task. Although the DMA does not directly impact on Greek companies, the country is hoping for a smooth evolution in transatlantic relations during the Biden Presidency, both generally and in technological affairs. Greek start-ups envisage a boost in their US presence. The DMA proposal is inevitably complex; more time may be required for some EU member-states, including Greece, to actively join the debate.
- Topic:
- European Union, Transatlantic Relations, Autonomy, and Digital Markets Act (DMA)
- Political Geography:
- Europe and Greece