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Digital Europe programme: Funding digital transformation beyond 2020

11-02-2019

In the framework of the next long-term EU budget for 2021-2027, the Commission is proposing a new, €9.2 billion programme to build up digital capacity and infrastructure and support a digital single market. It will operate mainly through coordinated and strategic co-investments with the Member States in the areas of advanced computing and data, artificial intelligence, and cybersecurity, their uptake and optimal use in the private and public sectors and boosting advanced digital skills. The programme ...

In the framework of the next long-term EU budget for 2021-2027, the Commission is proposing a new, €9.2 billion programme to build up digital capacity and infrastructure and support a digital single market. It will operate mainly through coordinated and strategic co-investments with the Member States in the areas of advanced computing and data, artificial intelligence, and cybersecurity, their uptake and optimal use in the private and public sectors and boosting advanced digital skills. The programme aims to help European societies and businesses to make the most of the ongoing digital transformation. The Commission sees the potential for efficiency gains in exploring complementarities and synergies with other planned programmes such as Horizon Europe, the Connecting Europe Facility and the European Regional Development and Cohesion Funds. The European Parliament adopted amendments on 13 December 2018 and referred the file back to the ITRE committee for interinstitutional negotiations. The Council reached a partial general approach, which excludes budgetary and horizontal issues, in December 2018. Second edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Launching the Digital Europe Programme

08-10-2018

Despite its strong position in science, research and innovation, Europe lags behind when it comes to deploying digital capacities and taking up advanced digital technologies. That's why the European Commission proposed a new programme - the Digital Europe Programme - to support the deployment and optimal use of the digital capacities that underpin innovation in areas of public interest and business. This briefing provides you with an appraisal of the quality of the impact assessment, which accompanies ...

Despite its strong position in science, research and innovation, Europe lags behind when it comes to deploying digital capacities and taking up advanced digital technologies. That's why the European Commission proposed a new programme - the Digital Europe Programme - to support the deployment and optimal use of the digital capacities that underpin innovation in areas of public interest and business. This briefing provides you with an appraisal of the quality of the impact assessment, which accompanies the Commission's proposal.

Virtual currencies and central banks monetary policy: challenges ahead

02-07-2018

Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant position of sovereign currencies and central banks, especially those in major currency areas. As with other innovations, virtual currencies pose a challenge to financial regulators, in particular because of their ...

Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant position of sovereign currencies and central banks, especially those in major currency areas. As with other innovations, virtual currencies pose a challenge to financial regulators, in particular because of their anonymity and trans-border character. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs Committee.

Εξωτερικός συντάκτης

Marek Dabrowski, Lukasz Janikowski

Should central banks be concerned about virtual currencies?

02-07-2018

Virtual currencies have generated much discussion over the past few years with some believing they are an improvement on state-issued currencies and will end up replacing them. This paper argues this is extremely unlikely. Cryptocurrencies such as Bitcoin do not work well as money because of security weaknesses and the volatility of their price relative to traditional currencies. The theory that the private sector will choose to replace a state-backed currency with privately-issued currency also ...

Virtual currencies have generated much discussion over the past few years with some believing they are an improvement on state-issued currencies and will end up replacing them. This paper argues this is extremely unlikely. Cryptocurrencies such as Bitcoin do not work well as money because of security weaknesses and the volatility of their price relative to traditional currencies. The theory that the private sector will choose to replace a state-backed currency with privately-issued currency also has little historical backing. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs Committee.

Εξωτερικός συντάκτης

Professor Karl Whelan

Virtual Currencies

02-07-2018

Following a brief discussion of the characteristics of money, we provide an overview of virtual currencies describing relevant technological aspects and different use cases. Based on this, we derive implications for financial market regulations and monetary policy (with a focus on the possibility of central bank digital currencies). This document was provided by Policy Department A at the request of the Economic and Monetary Affairs Committee.

Following a brief discussion of the characteristics of money, we provide an overview of virtual currencies describing relevant technological aspects and different use cases. Based on this, we derive implications for financial market regulations and monetary policy (with a focus on the possibility of central bank digital currencies). This document was provided by Policy Department A at the request of the Economic and Monetary Affairs Committee.

Εξωτερικός συντάκτης

Kiel Institute for the World Economy

EU-Japan cooperation on global and regional security - a litmus test for the EU's role as a global player?

11-06-2018

Within their partnership, the EU and Japan recognise each other as being essentially civilian (or ‘soft’) powers that share the same values and act in the international arena solely with diplomatic means. However, the evolution of the threats they face and the unpredictability now shown by their strategic ally, the US, have led both the EU and Japan to reconsider the option of ‘soft power-only’ for ensuring their security. They have both begun the — albeit long —process of seeking greater strategic ...

Within their partnership, the EU and Japan recognise each other as being essentially civilian (or ‘soft’) powers that share the same values and act in the international arena solely with diplomatic means. However, the evolution of the threats they face and the unpredictability now shown by their strategic ally, the US, have led both the EU and Japan to reconsider the option of ‘soft power-only’ for ensuring their security. They have both begun the — albeit long —process of seeking greater strategic autonomy. The EU’s Global Strategy adopted in 2016 aims clearly to ‘develop a more politically rounded approach to Asia, seeking to make greater practical contributions to Asian security’. Like the EU, Japan has identified ‘a multipolar age’ in which the rules-based international order that has allowed it to prosper is increasingly threatened. In line with its security-related reforms, Japan has decided to ‘take greater responsibilities and roles than before in order to maintain the existing international order’ and resolve a number of global issues. The EU and Japan may increase their cooperation at the global and strategic level and in tackling these challenges at the regional or local level. The Strategic Partnership Agreement (SPA) between the EU and Japan will provide opportunities for such cooperation, which should also be open to others. This is an opportunity for the EU to demonstrate that it is a consistent and reliable partner, and a true ‘global player’. The Council Conclusions of 28 May 2018 on ‘Enhanced security cooperation in and with Asia’ are a step in this direction but need to be translated into action.

Prospects for e-democracy in Europe

02-02-2018

Digital tools could create stronger connections between European citizens and the EU decision-making process and, by doing so, might contribute to reducing the EU democratic deficit. This report investigates what lessons can be drawn from local, national and European experiences of the use of digital tools for the functioning of EU decision-making procedures and institutions. For that purpose, a review of current literature on e-democracy and the European public sphere has been carried out; 22 local ...

Digital tools could create stronger connections between European citizens and the EU decision-making process and, by doing so, might contribute to reducing the EU democratic deficit. This report investigates what lessons can be drawn from local, national and European experiences of the use of digital tools for the functioning of EU decision-making procedures and institutions. For that purpose, a review of current literature on e-democracy and the European public sphere has been carried out; 22 local, national and EU experiences with existing digital tools have been investigated and evaluated; and an analysis has been made of the suitability of the most promising digital tools for implementation and use at EU level. The most important factors for successful e-participation identified in the report are: a close and clear link between e-participation processes and a concrete formal decision-making process; the participatory process and the contribution of its outputs to the overall decision-making process have to be clear to participants from the start; feedback to the participants about what has been done with their contributions is an indispensable feature of the process; a participative process should not be limited to one event but should be imbedded in an institutional 'culture of participation'; e-participation must be accompanied by an effective mobilisation and engagement strategy, involving communication instruments tailored for different target groups.

Perspectives on transatlantic cooperation: Transatlantic cyber-insecurity and cybercrime - Economic impact and future prospects

07-12-2017

Over the past two decades, an ‘open’ internet and the spread of digital technologies have brought great economic benefits on both sides of the Atlantic. At the same time, the spread of insecure digital technologies has also enabled costly new forms of crime, and created systemic risks to transatlantic and national critical infrastructure, threatening economic growth and development. The transnational nature of these phenomena make it very difficult for effective policy solutions to be implemented ...

Over the past two decades, an ‘open’ internet and the spread of digital technologies have brought great economic benefits on both sides of the Atlantic. At the same time, the spread of insecure digital technologies has also enabled costly new forms of crime, and created systemic risks to transatlantic and national critical infrastructure, threatening economic growth and development. The transnational nature of these phenomena make it very difficult for effective policy solutions to be implemented unilaterally by any one jurisdiction. Cooperation between stakeholders in both the EU and US is required in the development and implementation of policies to increase the security of digital technologies and increase societal resilience to the cybersecurity risks associated with critical infrastructure. Although there is a great deal of congruence between the stated policy goals in both the EU and US, obstacles to effective cooperation impede effective transatlantic policy development and implementation in some areas. This study examines the scale of economic and societal benefits, costs, and losses associated with digital technologies. It provides an overview of the key cybercrime, cybersecurity and cyber-resilience issues that policy-makers on either side of the Atlantic could work together on, and explains where effective cooperation is sometimes impeded.

Εξωτερικός συντάκτης

Benjamin C. Dean, Iconoclast Tech Foreword by Patryk Pawlak, formerly of EPRS, now of EU Institute for Security Studies Administrator responsible: Elena Lazarou, Members' Research Service, EPRS

Digitising European industry

24-05-2017

In response to the European Commission's recent efforts to advance the digitalisation of EU industry, the European Parliament's Committee on Industry, Research and Energy (ITRE) drew up an own-initiative report on the subject which is to be debated in plenary in May. The report proposes to develop an integrated strategy aimed at creating conditions conducive to reindustrialising the European economy so that it can fully benefit from opportunities offered by digitalisation.

In response to the European Commission's recent efforts to advance the digitalisation of EU industry, the European Parliament's Committee on Industry, Research and Energy (ITRE) drew up an own-initiative report on the subject which is to be debated in plenary in May. The report proposes to develop an integrated strategy aimed at creating conditions conducive to reindustrialising the European economy so that it can fully benefit from opportunities offered by digitalisation.

EBA Draft Regulatory Technical Standards on Strong Customer Authentication and Secure Communication

22-03-2017

Art. 98 PSD2 mandated the European Banking Authority (EBA) to prepare draft Regulatory Technical Standards on strong customer authentication and secure communication (RTS on SCA&SC) in close cooperation with the ECB. After extensive consultation, the EBA finalised the draft on 23 February 2017 in the light of the feedback received. The final draft RTS balances the possibility for new providers and new payment services, with the introduction of a framework that ensures common IT approaches which ensure ...

Art. 98 PSD2 mandated the European Banking Authority (EBA) to prepare draft Regulatory Technical Standards on strong customer authentication and secure communication (RTS on SCA&SC) in close cooperation with the ECB. After extensive consultation, the EBA finalised the draft on 23 February 2017 in the light of the feedback received. The final draft RTS balances the possibility for new providers and new payment services, with the introduction of a framework that ensures common IT approaches which ensure a high level of security, e.g. by proper authentication of the payer.

Προσεχείς εκδηλώσεις

10-12-2019
EU institutional dynamics: Ten years after the Lisbon Treaty
Άλλη δραστηριότητα -
EPRS
11-12-2019
Take-aways from 2019 and outlook for 2020: What Think Tanks are Thinking
Άλλη δραστηριότητα -
EPRS

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