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The Big Tech that the EU is targeting is mostly US-based, and the US is an EU ally. The US wasn't banning or forcing acquisitions for foreign competitors like W
by themacguffinman 6y ago
The Big Tech that the EU is targeting is mostly US-based, and the US is an EU ally. The US wasn't banning or forcing acquisitions for foreign competitors like WhatsApp or Line, and the EU isn't making moves on Visa/Mastercard which are arguably just as critical. If the EU was making this move based on national security reasons, I'd also expect them to be upfront about it.
- Aerroon 6y agoJust because the US is an ally doesn't mean the EU can build themselves to be reliant on the US. It gives the US too much leverage. >and the EU isn't making moves on Visa/Mastercard which are arguably just as critical. They're arguably not as important in Europe. Credit cards aren't nearly as common here. It's largely debit cards and bank transfers. As I understand it, SEPA [0] allows Europe to sidestep Visa and MasterCard when necessary. [0] https://en.wikipedia.org/wiki/Single_Euro_Payments_Area https://en.wikipedia.org/wiki/Single_Euro_Payments_Area