Breaking news

Social Media Ban For Under-16s Gains Global Momentum

Australia’s recent enforcement of a social media ban for individuals under 16 has captured international attention, prompting global debates on digital safety and youth mental health. As governments evaluate similar policy measures, industry leaders and regulators are reassessing the role of social media in children’s lives.

Australia’s Bold Regulatory Move

The Australian government’s Online Safety Amendment Act—implemented on December 10—affects major platforms including Reddit, X (formerly Twitter), Meta (owner of Instagram), Alphabet (YouTube), and Bytedance’s TikTok. The law mandates stringent age verification processes, with non-compliant companies facing fines of up to 49.5 million Australian dollars (roughly $32 million).

Global Repercussions And Policy Debates

While the immediate reactions among teenagers, tech giants, and experts are mixed, several nations are already exploring analogous restrictions. Daisy Greenwell, co-founder of the U.K.-based Smartphone Free Childhood campaign, emphasizes that governments are under mounting pressure to safeguard the mental wellbeing of children. Countries such as France, Denmark, Spain, Germany, Italy, and Greece are among those considering similar age-related bans.

Legislative Momentum In The U.K.

In the U.K., momentum is building as calls intensify for a social media ban for under-16s. The House of Lords is on the cusp of voting to amend the Children’s Wellbeing and Schools Bill to incorporate these restrictions. U.K. Prime Minister Keir Starmer has endorsed the measure, asserting the necessity of enhanced protections for children amid growing concerns over excessive screen time.

Industry Resistance And Future Prospects

Not surprisingly, tech companies have been quick to respond. Reddit has initiated legal proceedings, arguing that the law undermines political discussion online. Meanwhile, Meta has appealed to the Australian government for a reexamination of the policy—highlighting the considerable challenges that regulators face in balancing innovation with consumer protection.

Looking Ahead

Experts like Ravi Iyer, Managing Director at the USC Marshall School’s Neely Center, suggest that while a nationwide ban in markets such as the United States remains unlikely in the near term, state-level interventions may soon follow. The overarching goal of these policies is to diminish peer pressure among teens to engage with social media, thereby fostering healthier social environments.

If these legislative shifts take hold, they could mark a transformative moment in the regulation of digital platforms worldwide—ensuring that technological advancement does not come at the expense of our youngest generations.

Bank of Cyprus Upgrade Signals Fresh Optimism For Greek And Cypriot Banks

Regional Banks Enter A More Favorable Cycle

Bank of Cyprus and Eurobank are well positioned to benefit from a renewed re-rating of Greek and Cypriot bank stocks, according to Cyprus-based investment firm Roemer Capital, which upgraded Bank of Cyprus to a buy rating and reaffirmed its positive view on Eurobank.

The firm cited easing geopolitical tensions, resilient economic growth in Greece and Cyprus, lower funding costs and Greece’s expected transition to developed-market status as the main factors supporting the sector.

Roemer Capital also lowered its cost of equity assumptions, updated its forecasts following first-quarter 2026 results and extended its valuation horizon to the end of 2027, raising target prices across its banking coverage.

Bank Of Cyprus Gets The Largest Upgrade

Bank of Cyprus received the biggest revision, with Roemer Capital upgrading the stock from hold to buy and setting a target price of €11.10, implying potential total upside of 27%.

The firm highlighted the bank’s strong capital generation, profitability and projected 100% dividend payout, describing it as the strongest capital-return story among the banks under coverage. Roemer Capital maintained its buy rating on Eurobank, assigning a target price of €4.90 and forecasting potential upside of 28%. The report said the bank is well placed to benefit from loan growth, improving operating performance and merger-and-acquisition synergies.

National Bank of Greece and Piraeus Bank also retained buy ratings, with expected returns ranging from 25% to 36%. Optima Bank was upgraded to buy, while Alpha Bank remained at hold on valuation grounds.

Why Growth Still Sets The Region Apart

According to Roemer Capital, Greek and Cypriot banks continue to benefit from stronger economic fundamentals than many western European peers. The report pointed to faster economic growth, healthier balance sheets, low levels of non-performing exposures, capital ratios approaching 20% and strong customer deposit bases.

Analysts expect performing loans across the sector to grow at a compound annual rate of 6% to 8% through 2028, supported by private investment, digitalisation, green manufacturing, supply-chain expansion and a gradual recovery in household lending.

The report also said the conclusion of lending under the EU Recovery and Resilience Facility is unlikely to materially affect credit growth, as banks have already shifted back towards traditional commercial lending. Roemer Capital expects Euribor to remain between 2.2% and 2.5%, a level it believes should support both lending activity and net interest margins.

Geopolitics, Valuation And Market Structure Support The Case

The report said improving geopolitical conditions have strengthened the investment outlook, noting that Brent crude prices have largely returned to pre-war levels while Greek government bond yields have stabilised at around 3.5%. Although geopolitical risks remain, Roemer Capital believes the likelihood of a major inflationary shock or significant pressure on bank profitability has eased.

Another important catalyst identified by the firm is Greece’s expected promotion to developed-market status by FTSE Russell, STOXX and MSCI over the coming months.

According to the report, the reclassification should improve liquidity and attract a broader base of international investors. Roemer Capital also said Euronext’s acquisition of the Athens Exchange is expected to strengthen market infrastructure and increase international visibility, particularly for Bank of Cyprus and Optima Bank.

The firm noted that Bank of Cyprus has already benefited from its Athens listing, with average daily trading value increasing from less than €400,000 before its September 2024 move to nearly €6 million afterwards.

Economic Momentum Remains A Core Tailwind

Roemer Capital said both Greece and Cyprus have moved beyond post-crisis recovery and are now supported by private-sector-led growth. For Cyprus, the report highlighted recent tax reform and efforts to simplify the legal and regulatory framework, while also noting that limited foreign banking competition continues to support domestic lenders.

Overall, Roemer Capital expects Greek and Cypriot banks to remain well-positioned for profitable loan growth over the coming years.

eCredo
Aretilaw firm
Uol
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter