The launch of a new tool, the Kid Walletwhich will help parents protect their children from the potential dangers of technology and AI, he announced by Mr. Dimitris PapastergiouMinister of Digital Governance in the context of 10th financial tax of Delphi installed in Delphi 9 – 12 April.

Specifically, the responsible minister, who was placed before the panel began that the new data on technology has raised issues for the protection of minors -sometimes adults.

In this context, the new initiative, “Kid Wallet”, which will help children adapt to the new reality and is a parental control tool to limit the display of minors on the screen.

This “wallet”, at the same time, will be the official tool on the one hand to certify age, on the other to control electronic markets in tobacco, betting products and more. At the same time, he referred to the DSA Regulation, which is coming to solve the problems in the misinformation and fraud, and made a special mention in Fact Checking, describing as “tragic the requirement for his abolition”.

On the issue of open data, he made it clear that we must make brave decisions, although the new regulation “is coming to put things in the right dimension”. However, as he pointed out, even more work is needed.

For his part, Mr. Tasos Gaitanis, Secretary General of Research and Innovation, hastened to recall the government’s measures to boost innovation, clarifying that spending and growth have increased by 18% from 2019.

In addition, he said that we have drawn up specific plans, created a new institutional framework for spin -offs, provided aid for private sector -universities, established Elevate Greece while introducing a new framework for the Golden Visa.

According to this, a third -country citizen can invest 250,000 euros in a start and in return for 5 years. It also did not fail to focus on the tax incentives, which aim to increase private participation. Currently 50% of expenditure for research and innovation comes from the state and the remaining 50% from the private sector. Mr Tasos Gaitanis made it clear that he wants to raise the proportion of individuals to 65%, such as the general average.

Elsewhere in his speech, he noted that the same regulatory framework can either encourage or discourage innovation, depending on the industry it uses. For support, he brought two different examples. As explained, in Europe it is difficult to find qualitative and quantitative open data, as the existing regulatory framework poses obstacles.

This discourages innovation. On the other hand, however, the regulatory framework proves to be quite useful in other cases, such as copyright, patents, brands and more. ‘We need to achieve a balance […] We also need the regulatory framework and innovation, but the problem begins when we prioritize the first and not the second. “

Mr. Javier Lopez-Gonzalez, head of the Digital Trade Unit, OECD, is called upon to comment on the regulatory framework, arguing that we are trying to find a balance that will help innovation and growth, but at the same time create a precautionary wall. In addition, he argued that fragmentation is not moving in the right direction, as it is estimated to have a 10% cost of trade flows.

At the same time, he clarified that no regulation is the optimal solution. “It can reduce some costs, but at the same time it will lose some features,” he commented. The golden intersection, he added, is to balance all of the above, as this can improve trade flows by 3%. “We have to find the way we protect with the least possible intervention,” he reiterated, giving importance to the concept of interoperability, which can limit regulations.

At the same time, Mr Christopher Butler, executive director, Tholos Foundation, was in favor of a combination of innovation, provided that the latter does not prevent or limit the former. As he noticed, there is currently a difference between start-ups in the US and start-ups in Europe. The difference is not in the phase of creation, but in the success rate, which is smaller in Europe.

“When companies arrive at the critical threshold, there are more regulations,” he said. For this reason, he called on the state to take a step back. In addition, it struck the fact that some regulatory frameworks focus exclusively on large players, mainly US -based companies. But this, as he estimates, actually creates problems for smaller companies.

“There is a sense that there must be greater regulatory pressure on those companies based in the US. But this has created major problems for start -ups. They do not get the older ones to grow up and innovate, ”he said, among other things. “If you focus on the big, strangeness you will create problems for small, start -ups,” he concluded.

Butler Economic Delphi Forum

Finally, Ms. Lucine Ovumyan, senior vice -president, Corporate Affairs and Communications in JTI, yes, he was in favor of the regulations, but without freezing innovation. Citing the tobacco industry, he pointed out that all “players” are investing billions of euros in the development of alternative products, less dangerous tobacco products. “It is important for the regulations to support this development,” he said.

In fact, he cited Brazil as an example, which a few years ago banned all electronic cigarettes. “And what happened? In fact the black market was developed by 600%. Everything went into illegality, “he said, concluding that the regulations should be adapted to the need for consumers, as it otherwise brings the opposite effect. He did not fail to focus on the importance of adapting the regulatory framework, as “it should not be a moving wall”.

Coordinated the debate was made by Mr Director of National and Regional Press, European People’s Party – EPP, Belgium.