France and the Netherlands Call For Tough EU Powers To Curb Big Tech

France and the Netherlands have proposed stricter EU rules to oversee large technology firms, such as Alphabet, Facebook and Amazon. From a report: In a joint document, seen by CNBC and due to be sent to the European Commission, the EU’s executive arm, the two countries suggested that an EU authority should be able to control the market position of these large tech platforms. “Our common ambition is to design a framework that will be efficient enough to address the economic footprint of such actors on the European economy and to be able to ‘break them open,'” Cedric O, the secretary of state for digital transition in France, said in a statement. “Access to data, to services, interoperability … these are efficient tools that we should be able to use, with a tailor-made approach, in order to tackle market foreclosure and ensure freedom of choice for consumers,” he added. The EU, arguably at the forefront of regulation in this space, has intensified talks regarding Big Tech and the competitive landscape over the last 12 months. In addition to pursuing anti-trust investigations on some of the largest firms, the Commission is also working on data protection rules.