Digital Single Market is a policy belonging to the European Single Market that covers digital marketing, E-commerce and telecommunication. It was announced in May 2015 by the Juncker Commission.
Mariya Gabriel, member of the European Commission, is responsible for the 'Digital Single Market.
The Digital Single Market is part of the Digital Agenda for Europe 2020 program of the EU, an initiative of Europe 2020 proposed strategy. It is defined by A Digital Single Market Strategy for Europe by the European Commission.
Europe 2020 is a 10-year strategy proposed by the European Commission on 3 March 2010 for advancement of the economy of the European Union. It aims at "smart, sustainable, inclusive growth" with greater coordination of national and European policy. It follows the Lisbon Strategy for the period 2000–2010
Strategy:
A Digital Single Market (DSM) is one in which the free movement of persons, services and capital is ensured and where the individuals and businesses can seamlessly access and exercise online activities under conditions of fair competition, and a high level of consumer and personal data protection, irrespective of their nationality or place of residence.
The Digital Single Market strategy was adopted on the 6 May 2015 and includes 16 specific initiatives which have been delivered by the Commission till January 2017. Legislative proposals are now discussed by the co-legislator, the European Parliament and the Council.
The DSM can create opportunities for new startups and allow existing companies in a market of over 500 million people. Completing a Digital Single Market could contribute € 415 billion per year to Europe's economy, create jobs and transform the public services.
The Pillars:
The Digital Single Market Strategy is built on three pillars:
- Access: better access for consumers and businesses to digital goods and services across Europe;
- Environment: creating the right conditions and a level playing field for digital networks and innovative services to flourish;
- Economy & Society: maximizing the growth potential of the digital economy.
Brexit:
Brexit is the popular term for the prospective withdrawal of the United Kingdom (UK) from the European Union (EU). Brexit is a portmanteau of "British" and "exit". It was derived by analogy from Grexit, referring to a hypothetical withdrawal of Greece from the eurozone (and possibly also the EU).
In a referendum on 23 June 2016, 51.9% of the participating UK electorate (the turnout was 72.2%of the electorate) voted to leave the EU. On 29 March 2017, the British government invoked Article 50 of the Treaty on the European Union.
The UK is thus on course to leave the EU on 29 March 2019.
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