AI - artificial intelligence - Photo by Steve Johnson on Unsplasha

EuroCommerce – the association representing retailers and wholesalers in Brussels – supports yesterday’s political agreement on the Digital Omnibus on Artificial Intelligence, as long as it brings much-needed simplification and clarity to the implementation of the AI Act.

Europe has to create a well-functioning Savings and Investment Union to mobilise private investments. However, it will depend on the willingness of Member States to go the extra mile for necessary harmonisation steps in taxation, company law, insolvency procedures and supervision.