Competitiveness, Recovery and Resilience – POLITICO


The COVID pandemic has shown the importance and potential of digitization in Europe, for example by allowing small businesses to keep trading during the lockdown. From now on, the rollout of 5G will be a huge factor in Europe’s digital future, transforming everything from agriculture to education.

The European digital decade is now even more relevant due to the war in Ukraine. We must ensure that the digital decade strengthens Europe’s security and resilience.

Said Nick Read, CEO of Vodafone

To highlight the importance of digital technology for Europe, Vodafone sponsored a live POLITICO event in Brussels on March 30th. Driving Europe’s Digital Decade: Competitiveness, Recovery and Resilience. CEO Nick Read said digital technologies have the potential to contribute €2.2 trillion to GDP by 2030 and that growth will contribute to reduced carbon emissions and a fairer society, among other benefits. “The European digital decade is even more important now because of the war in Ukraine,” he said. “We must ensure that the digital decade strengthens Europe’s security and resilience.”

In order to create a competitive market, the European Union is considering the Digital Markets Act (DMA), which should prevent large companies – so-called digital “gatekeepers” – from abusing their market power and allow new players to enter the market. Another consideration is how to prevent digital media from being used to spread disinformation: the war in Ukraine has shown the importance of cyber defence. “We need to distinguish between freedom of expression and media pluralism and arming the media with propaganda,” said Margrethe Vestager, Executive Vice-President of the European Commission for a Europe fit for the digital age. Other participants called for greater cooperation with the United States in combating disinformation. “Our only chance in Europe is not to become isolated, to become an island, but to work together with like-minded countries,” said Dita Charanzová, MEP (Renew Europe, Czech Republic) and Vice-President of the European Parliament. “First on that list is the US and there is a window of opportunity to embrace that relationship.”

Find out more about this POLITICO live event Competitiveness, Recovery and Resilience – POLITICO

Fry Electronics Team

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