Friday

3rd Jul 2020

Stakeholder

Unleashing the sharing economy

  • While the US and China have embraced the sharing economy, the EU seems to still be making up its mind. (Photo: Nucleo)

The size of the sharing economy doubled between 2014 and 2015, according to the European Commission. Along with it are new business models that EU legislation has yet to keep up with.

The EU has been slow to react and the response so far has been fragmented.

Read and decide

Join EUobserver today

Support quality EU news

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

On 19 October, MEPs from the ALDE Group - Fredrick Federley, Dita Charanzova, Kaja Kallas and Dominique Riquet - hosted a seminar in the European Parliament that offered insight from opinion leaders, entrepreneurs, policy makers and politicians about the growth opportunities that exist in the dynamic and rapidly evolving sector.

In support of the sharing economy, European Commission vice president Jyrki Katainen said it was "an opportunity to increase productivity, increase the number of jobs, increase the quality of the services".

"If there are problems with new business models, let's solve the problems instead of killing the whole business model," Katainen adds.

While the US and China have embraced the sharing economy - with US services like Uber and Airbnb now penetrating European markets and China's sharing economy expected to be worth 10 percent of its total GDP by 2020 - the EU seems to still be making up its mind.

"We need a cool head and to be reasonable because the economy is changing and either it does that with the consent of politics or does it outside politics," said MEP Federley.

"And either we decide that Europe wants to be on board or we decide that the Americans and the Chinese can take all the advantages of creating these services."

Advocates of the sharing economy argue that it provides easy access to a wide range of services that are often of higher quality and more affordable than those provided by traditional business set-ups.

Critics, on the other hand, claim that the sharing economy provides unfair competition reduces job security, avoids taxes and poses a threat to safety, health and disability compliance standards.

Disclaimer

This article is sponsored by a third party. All opinions in this article reflect the views of the author and not of EUobserver.

EU-Cuba agreement: A path to human rights and democracy?

The ALDE group recently hosted a conference to discuss the EU-Cuba agreement and Cuba's path towards human rights and democracy. Civil society representatives from Cuba said the agreement failed to consult the people.

EU-Canada trade deal is 'value-based'

At the ALDE pre-summit meeting, Syria, Russia, the Turkey migration deal, the refugee crisis and Brexit were among the topics discussed. But Ceta was the big issue.

Strengthening Russia's European Foundations

A year after the murder of Russian opposition leader Boris Nemtsov, the ALDE Group in the European Parliament hosted a series of events to commemorate his fight for a free and democratic Russia.

Kremlin lies: EU's response to disinformation

Russia's disinformation campaigns have become a homeland security issue inside the EU. Pro-Kremlin disinformation campaigns are not only targeted at Ukraine or the Baltic states.

Magazine

The 'sharing economy' lacks a common definition

The sharing economy is a noticeable trend shaking up traditional sectors, but the phenomenon is ill-defined and empirical evidence about its impact is scarce.

News in Brief

  1. French prime minister and government resign
  2. France lied on Nato naval clash, Turkey claims
  3. EU highlights abuses in recent Russia vote
  4. Belgium bids to host EU mask stockpile
  5. France shamed on refugees by European court
  6. French and Dutch police take down criminal phone network
  7. EU launches infringement case on Covid-19 cancelled trips
  8. Michel to propose smaller EU budget, keep recovery figure

Stakeholders' Views

This EUobserver section provides a platform for EU stakeholders to communicate positions, views and activities.

Stakeholders' Highlights

  1. UNESDAHow reducing sugar and calories in soft drinks makes the healthier choice the easy choice
  2. Nordic Council of MinistersGreen energy to power Nordic start after Covid-19
  3. European Sustainable Energy WeekThis year’s EU Sustainable Energy Week (EUSEW) will be held digitally!
  4. Nordic Council of MinistersNordic states are fighting to protect gender equality during corona crisis
  5. UNESDACircularity works, let’s all give it a chance
  6. Nordic Council of MinistersNordic ministers call for post-corona synergies between economic recovery and green transition

Join EUobserver

Support quality EU news

Join us