TAG: Digital

Crisis grows in Berlin as court warns 2023 supplementary budget is ‘problematic’

BERLIN — Germany's ruling coalition risks falling into a deeper crisis after the country's federal a...

8 months ago

Risk of ‘lost decade’ as EU countries face economic cliff edge

BRUSSELS — The year 2026 could be a defining moment for the European economy.The double blow of the introduction of reformed EU spending rules and the European Commission turning off the money taps may leave a black hole in the budgets of highly indebted...

6 months ago

Fraud-busters swoop on Greek contracts involving €2.5B of EU recovery funds

ATHENS — Authorities are investigating allegations of fraud linked to the way €2.5 billion in EU funds has been awarded to just 10 companies in Greece, POLITICO can reveal. The offices of the country’s three telecommunications firms — Cosmote, Vodafone an...

6 months ago

Time for a European single market ‘with teeth’ to take on China, India, leaders told

BRUSSELS ― It's older than the euro and as integral to the EU as being able to cross borders without a passport ― but the single market is failing to deliver while ever-stronger world economies gain the upper hand.Enrico Letta, a former Italian prime mini...

6 months ago

Greek opposition seizes on EU funds fraud allegations

ATHENS ― Rival politicians in Greece are demanding answers over fraud accusations linked to the way €2.5 billion in EU funds was awarded to just 10 companies.Opposition parties claim the country's center-right government, led by Prime Minister Kyriakos Mi...

5 months ago

Industry bosses to EU: Help us level up in the global green tech race

HANNOVER, Germany — Europe’s industry is ready to take on state-subsidized Chinese and American rivals in the global green tech race — but Brussels must create the right conditions for it to do so.Failure to act will condemn Europe to deindustrialization:...

5 months ago

The MEPs who actually matter

This article is part of the Brussels Survival Guide.There’s plenty to pay attention to in the new cohort entering the European Parliament — including, of course, the people. See below our guide on key figures across the policy palette.Céline Imart AGRICUL...

2 months ago

Apple’s payments offer ends EU antitrust probe

BRUSSELS – Apple settled a European Union investigation into its Apple Pay service, ending one antitrust case as it battles EU regulators on other fronts. "I do not consider it a peace deal," Competition Commissioner Margrethe Vestager told a press confer...

2 months ago

To do: 6 thorny issues lurking in MEPs’ inboxes

This article is part of the Brussels Survival Guide.Becoming a member of European Parliament isn’t just about fancy gifts and bottomless (well, €4,950 a month) general expenses. There’s also serious work to be done. But a new term doesn’t mean a blank sla...

2 months ago

Trump’s courting of the crypto industry could spell trouble for Europe

Europe is gearing up for an unprecedented Trumpian endorsement of one of the most feared technologies in policymaking circles: crypto.On Thursday, proponents of the controversial technology will descend on Nashville for a three-day conference at which Tru...

2 months ago

Iran pays millions in ransom to end massive cyberattack on banks, officials say

A massive cyberattack that hit Iran last month threatened the stability of its banking system and forced the country's regime to agree to a ransom deal of millions of dollars, people familiar with the case say.An Iranian firm paid at least $3 million in r...

1 month ago

Europe’s Draghi report unleashed: These are the 5 things to watch

BRUSSELS ― Mario Draghi was the man hailed as saving the eurozone during the sovereign debt crisis when president of the European Central Bank. This time his challenge may be greater still: Stop Europe falling behind the rest of the world.European Commiss...

1 month ago

Draghi says EU must spend twice as much as it did after WWII

BRUSSELS ― Europe must invest twice as much as it did rebuilding after World War II, Mario Draghi said, as he published a long-awaited blueprint to stem the continent’s economic decline.“This is an existential challenge,” the former European Central Bank...

1 month ago

Mario Draghi’s plan to fix a broken Europe already looks impossible

BRUSSELS ― Mario Draghi's outlook for Europe is grim. What's worse is though he knows how to make it better, he probably can't.“We're going to be a society that basically shrinks,” the former European Central Bank chief said in Brussels on Monday as he pr...

1 month ago