Brussels, June 26, 2023 - Margrethe Vestager, the European Union's Industry Chief, staunchly defended the bloc's stringent data rules today, amidst mounting criticism from Big Tech companies. In a resolute address to the European Parliament, Vestager emphasized the need for robust data protection measures and dismissed allegations of stifling innovation.

Vestager's speech came in the wake of strong pushback from major tech giants, including Google, Facebook, and Amazon, against the EU's proposed Digital Services Act and Digital Markets Act. These legislative proposals aim to establish stricter regulations on data handling, online content moderation, and the market dominance of tech behemoths.

Addressing concerns raised by industry leaders, Vestager underscored the EU's commitment to striking a delicate balance between safeguarding user privacy and promoting competition. She stated, "Data protection and competition are not opposing forces; rather, they go hand in hand. We believe that a fair and open digital market can only exist when data is handled responsibly and market power is properly regulated."

Vestager defended the EU's approach of placing the burden of proof on tech companies to demonstrate compliance with data protection laws, rather than relying solely on regulatory authorities. She asserted that such a framework ensured transparency, accountability, and user trust, crucial elements in fostering a healthy digital ecosystem.

The Industry Chief also addressed concerns that the proposed regulations would stifle innovation and hinder the competitiveness of European tech firms. Vestager argued that stricter rules would actually spur innovation by levelling the playing field and preventing dominant players from suppressing competition. She highlighted the EU's commitment to nurturing a vibrant startup culture and promoting innovation-friendly policies.

While acknowledging the importance of cooperation and dialogue with the tech industry, Vestager made it clear that the EU's primary duty was to protect the interests of European citizens. She urged lawmakers to stand firm in the face of pressure and defend the proposed legislation, which she believes will shape the future of the digital landscape in a fair and responsible manner.

As the EU prepares to finalize its data regulations, the clash between Big Tech and European regulators shows no signs of abating. It remains to be seen whether the EU's unwavering commitment to data protection will prevail against the powerful lobbying efforts of tech giants aiming to safeguard their dominance in the digital realm.