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What is annoying about this all, is that the EU picks on tech companies a lot. They seem to do absolutely NOTHING about the financial houses, that got away with
by throwawaymanbot 9y ago
What is annoying about this all, is that the EU picks on tech companies a lot. They seem to do absolutely NOTHING about the financial houses, that got away with an awful lot during the greatest financial crisis the world has ever seen, as an example.
It would be much better for consumers if the EU applied their fines to more "dangerous to society" type outfits, that can actually do and have done immense damage to economies not just in the EU, but the US and rest of the world.
The EU should apply consumer concern to the banking/finance sector in equal measure as they do with Tech firms. After all, Google cannot crash a society, But the Banking/financial sector can and has done.
- kazen44 9y agothe problem with fining financial structures is that the eurozone at the moment has no common fiscal policy and no framework to do these kind of financial crimes efficiently. Although there is far more support to integrate more fiscal policy across the eurozone (as expressed by both macron, merkel and some minor other EU nations), the legislation simply isn't their yet.
- throwawaymanbot 9y agoYou are right, But I imagine thats by lobbyist design. If there was the will to investigate, it would happen easily. Its odd how Tech which changes my browser search gets heavy regulation EU wide, but not fiscal items, where a currency is shared EU wide.