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Behind the Money

Europe’s Big Tech trust buster

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4350 Ratings

🗓️ 15 February 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

The EU’s executive branch is known for leading the way when it comes to regulating crucial industries, like Big Tech. But for now, one country appears to be further ahead in the race to keep competition alive for European entrepreneurs. The FT’s EU correspondent Javier Espinoza explains who is leading the pack and what it means for everyone else.  


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For further reading:

How Germany became Europe’s leading Big Tech trust buster

Brussels re-energised for Big Tech battles

EU braced for legal challenges to rules designed to tackle Big Tech

Fight breaks out between Ireland and Germany over Big Tech regulation

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On Twitter, follow Javier Espinoza (@JavierespFT) and Michela Tindera (@mtindera07)


Read a transcript of this episode on FT.com



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Transcript

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0:29.7

When it comes to regulating big tech firms like Google, Meta, or Apple, the F.T.'s

0:38.0

Javier Espinoza says there's typically one place that people look to.

0:43.6

So generally when we talk about big tech regulation

0:47.6

or for that matter, other key sectors

0:50.2

that have been regulated in recent years like the financial sector.

0:54.4

We see Brussels as leading the way.

0:59.2

That's because Brussels is also the de facto capital of the European Union and it's home to the EU's main

1:05.8

regulatory bodies. Typically we talk about the so-called Brussels effect that

1:12.0

means that whatever reforms they do here and whatever reaction companies have to legislation,

...

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