Breaking news

Digital Services Act Sparks Debate Among Cypriot MEPs: Balancing Safety And Freedom Online

Cypriot MEPs have highlighted the importance of the Digital Services Act (DSA) in creating a safer digital environment across the European Union. However, during a debate at the European Parliament’s plenary session in Strasbourg, they also raised concerns about potential risks to freedom of expression and unintended uses of the legislation.

DISY and EPP MEP Loucas Fourlas praised the Act as a vital step towards robust digital governance, protecting citizens from illegal content, misinformation, and online threats. However, he pointed out that differing views among EU Member States and MEPs illustrate the bloc’s fragmented external policy, which could hinder cohesive action.

Similarly, Michalis Hadjipantela, also from DISY and the EPP, welcomed the Act’s balanced approach, which aims to safeguard users from harmful content while ensuring that smaller businesses are not overburdened. He emphasized its role in fostering a transparent and secure digital ecosystem that supports competition, particularly for SMEs and startups.

From a different perspective, AKEL and Left MEP Giorgos Georgiou criticized the European Commission’s lack of action against the exploitative practices of Big Tech companies. He argued that without addressing the business models of these platforms, which thrive on extreme content, the Act cannot fully tackle hate speech and misinformation. Georgiou called for greater digital sovereignty in Europe, suggesting the development of alternative public platforms like Bluesky or Mastodon to counter Big Tech’s dominance.

DIKO and Progressive Alliance of Socialists and Democrats MEP Costas Mavrides underscored the nuanced nature of freedom of expression, noting that it must operate within the boundaries of EU legal frameworks. He dismissed criticism of restrictions on misinformation as hypocritical, especially from those who advocate for barriers against propaganda from authoritarian regimes.

Conversely, ELAM and European Conservatives and Reformists group MEP Geadis Geadi expressed concerns that the Act risks becoming a tool for censorship, threatening the very freedoms it seeks to protect. He argued for a reassessment of its implementation to ensure users’ rights remain intact.

Independent MEP Fidias Panayiotou echoed these concerns, citing recent accusations by Meta’s Mark Zuckerberg and Elon Musk, owner of platform X, that the EU is institutionalizing censorship. Panayiotou warned against unfairly censoring posts under the guise of misinformation and proposed inviting the tech leaders to the European Parliament for discussions on content moderation practices.

The debate was notable for its high level of engagement, with around 150 MEPs participating—nearly three times the usual attendance. A pilot system was also trialed, where speakers were announced during the session rather than in advance, resulting in lively exchanges and increased interaction through blue cards and petitions.

As the Digital Services Act moves forward, the challenge will lie in striking the right balance between ensuring online safety and safeguarding fundamental freedoms, a debate that will undoubtedly shape the digital future of Europe.

Eurobank Launches First UPI Cross-Border Payment From Greece To India

Eurobank has launched its first cross-border payment from Greece to India through the Unified Payments Interface (UPI), marking a new step in the bank’s international expansion and its strategy to strengthen financial ties between Europe and India.

The transaction, completed in cooperation with NPCI International, follows the launch of Eurobank’s new payment service. The inaugural payment was made in the presence of India’s Commerce and Industry Minister Piyush Goyal, Eurobank Chief Executive Fokion Karavias and senior executives from NPCI International.

A Strategic Bet On India’s Digital Payments Ecosystem

According to Eleftherios Vlachogiannis, Eurobank’s head of transaction banking, the service currently supports outgoing payments by Indian citizens living in Greece to recipients in India, representing the first phase of a broader collaboration with NPCI International.

UPI is operated by NPCI International. By integrating the system into its e-banking platform and mobile app, Eurobank enables customers to make real-time transfers.

“The most important aspect is the philosophy behind the initiative,” Vlachogiannis said. “Instead of creating another closed payment system, we are integrating mature and internationally recognised payment ecosystems into the bank’s services so customers enjoy a simple, secure and modern transaction experience.”

He added: “Innovation creates value when it delivers a genuine benefit for the customer.”

Building A Financial Bridge Between Europe And India

The UPI launch follows Eurobank’s opening of a representative office in Mumbai, making it the first Greek and Cypriot bank with a physical presence in India. The bank has also expanded its presence through the India-Greece-Cyprus Business and Investment Council, a technology centre in Pune and partnerships with Indian institutions.

Vlachogiannis said India’s economic growth and closer ties with the European Union support the bank’s long-term strategy. He also pointed to progress in negotiations on the EU-India Free Trade Agreement.

Mumbai Office Serves As A Regional Business Hub

Eurobank’s Mumbai office supports businesses seeking to establish operations between India, Greece, Cyprus and the wider European market. It provides access to banking services, business networks and market support.

For Greek companies expanding into India, the bank offers international payments, foreign exchange management, trade finance and supply chain finance. Indian businesses investing in Greece, Cyprus or elsewhere in the European Union can also access financing and corporate banking services through Eurobank.

Aiming To Strengthen The India-Europe Corridor

Looking ahead, Eurobank said it will continue investing in technology, international payments, trade finance and partnerships with Indian organisations.

“Our ambition is to act not only as a banking services provider but also as a strategic partner for businesses and investors seeking to benefit from the opportunities created by this dynamic market,” Vlachogiannis said.

eCredo
Aretilaw firm
The Future Forbes Realty Global Properties
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter