
EU member states ask Commission to lower microchip strategy targets
Ten countries – Belgium, Croatia, Czechia, France, Germany, Ireland, Italy, Malta, Netherlands, and Spain – said this target should be revised in the upcoming Chips Act 2.0.
The representatives discussed a European Court of Auditors (ECA) report from the end of April which said that the bloc is unlikely to meet the EU Chips Act 20% target because investments driven by the Act are 'unlikely to significantly enhance' the EU's position in the field.
The ECA recommended the Commission assess whether the 2023 Chips Act's ambitions and targets remain realistic in view of the resources available to achieve them, global competition, as well as factors such as energy cost and dependence on raw materials. Chips, or semiconductors, are needed for a range of industries, from connected cars to consumer appliances.
According to the minutes, the Commission said that the 20% market share target was 'essential to mobilise large amounts of money to counter the decreasing percentage of EU market share'.
In addition, the distribution of knowledge and skills in the sector has improved as a result of competence centres rolled out under the Chips Act, the EU executive said.
As of 2022, the EU accounts for less than 10% of the production of chips globally, behind Taiwan and the US. The Commission hopes to increase the figure to 20% with a 43-billion-euro investment.
Several countries, including Belgium, Germany, Finland, and Italy, call for a focus on the next generation microchips, according to the document.
Denmark said that the lack of financing remains a problem. Both Germany and Ireland will in the next few weeks present national semiconductor strategies.
EU Tech Commissioner Henna Virkkunen's mission letter drafted by Commissioner President Ursula von der Leyen, says that follow-up action on Chips is needed to further support 'innovation potential, strategic industry segments, mainstream chips and equipment manufacturing.'
France's digital affairs and artificial intelligence (AI) minister is on a mission to unify Europe to force social media companies to put on age verification markers, adding that there should be no social networks for those under the age of 15.
Clara Chappaz told French media on Sunday that the country has three months to 'mobilise its European partners' for an agreement that obliges social media platforms to verify the age of their users, and failing to do so would result in sanctions.
'My job today is to rally a coalition, with Spain, Greece, and now Ireland, to convince the European Commission,' the 35-year-old minister said.
'If we don't succeed by the autumn, France will take responsibility. In the absence of a European agreement, France will have to take action,' she added.
France has taken a hard stance against social media use and screen time for children.
Last year, French President Emmanuel Macron said he was in favour of banning phones before the age of 11 and no social media for those under 15.
Chappaz agreed with him and in an interview with the French publication La Tribune said: 'No social networking before the age of 15'.
Despite Europe's Digital Services Act (DSA) having an age framework, Chappaz said that the bloc needs 'to go further to strengthen its scope, so that it forces social networks not to accept the creation of accounts without age verification'.
However, getting age verification right is difficult as many children can lie and get around such restrictions, experts have previously told Euronews Next.
Social media platforms such as Meta and TikTok have already put age verification measures in place.
But some have said that it is difficult to verify user age. Chappaz, however, argues that this is an 'excuse' which is 'false'.
'The platforms, which are among the most technologically advanced companies, know everything about our children: their tastes, their sleep patterns, the videos they watch when they're not well,' she told La Tribune.
'They are capable of pushing targeted content to an 11-year-old, but they wouldn't know whether he was 13 or 15'.
'Fast, reliable, anonymous technologies that do not store personal data for recognition already exist,' she added.
In the interview on Sunday, she spoke about her 10-day without screens campaign, which began on Monday.
'The idea is not to stigmatise. It's about taking a step back to better understand the impact of digital technology on our lives and to regain control,' she said.
'I want every family and every class to be able to ask themselves the same question: what role do we want to leave to screens, and, in particular, social networks, in the development of our children?
'I refuse to allow algorithms to raise our children, to dictate what they should see and feel, and who they should look like,' she added.
The minister has also championed the end of #SkinnyTok weight-loss content, where those on social media promote extreme thinness with messages such as 'if you're in a calorie deficit and your stomach rumbles, congratulate yourself'.
She referred the matter of such videos to the French digital watchdog Arcom and requested an investigation by the European Commission, Chappaz said on LinkedIn.
'Digital technology is a wonderful tool, but it can also shatter lives. Protecting minors online is my priority. I won't give up,' she wrote.
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Which countries collect the most from property taxes across Europe?
Spain is considering a 100% tax on homes bought by non-EU buyers. While the goal is to ease the country's housing problem, property tax is a major source of income in many European countries. According to the European Commission, property tax as a share of GDP in the EU ranges from 0.3% in Czechia and Estonia to 3.7% in France in 2023. The EU average is 1.9%. But how much property tax do governments collect across Europe? What share of total tax revenue comes from property taxes? And how much does real estate transfer tax amount to as a percentage of GDP? Euronews Business takes a closer look at property tax revenues across Europe. What share of GDP does property tax make up? In the EU, property tax contributes to the highest share of GDP in France (3.7%) and the lowest in Czechia and Estonia (both 0.3%). When European Free Trade Association (EFTA) countries, the UK, and Turkey are included—using some OECD data—the UK ranks slightly above France, though both are around 3.7%. Belgium is also above 3%, at 3.2%. Spain ranks fifth at 2.5%, followed by Greece at 2.7%. Other countries with a share above 2% include Iceland, Luxembourg, Denmark, Switzerland, Italy, and Portugal. Property tax accounts for less than 1% of GDP in nearly half of the 32 countries on the list. It is especially low in Slovakia, Lithuania, Estonia, and Czechia, all below 0.5%. Among Europe's five largest economies, Germany has a significantly lower share at 1% compared with the others. Italy ranks fourth at 2.1%, while France and the UK top the list. The chart above shows that Northwestern Europe collects a higher percentage of their GDP through property tax, while Eastern Europe and the Baltics collects a lower share. In Southern Europe, the picture is more mixed, though often on the higher side. According to the OECD, property taxes include all recurrent and non-recurrent levies on the use, ownership, or transfer of property. They cover taxes on immovable property or net wealth, inheritance and gift taxes, and taxes on financial and capital transactions. What about revenues from property taxes? The UK collected the most property tax revenue in 2023 at €115 billion (£100bn), followed by France at €104.5 billion. These two countries dominate property tax revenues, with third-place Italy collecting just €45.3 billion. Germany and Spain complete the top five, collecting €41.4 billion and €36.8 billion respectively. The EU total stands at €318.8 billion. Belgium (€18.8 billion), Switzerland (€17.9 billion), the Netherlands (€14.4 billion), and Poland (€10.7 billion) also collected over €10 billion in property tax revenue in 2023. In 10 EU countries, property tax revenue is below €1 billion, with Estonia the lowest at €110 million. Property tax as a share of total taxation The share of property taxes making up total taxation varies widely across Europe. In 2023, in the EU, it ranges from 0.8% in Estonia and Czechia to 8.4% in France, according to the European Commission. The EU average was 4.7%. In addition to France, seven other EU countries had property tax shares above 5%: Belgium (7.4%), Greece (7%), Spain (6.7%), Portugal (5.9%), Luxembourg (5.7%), Italy (5.1%), and Denmark (5.1%). In Germany, property taxes account for just 2.5% of total taxation. Shares of property transfer tax across Europe Property transfer taxes, expressed as a share of GDP, indicate the importance of real estate sales as a source of government revenue in some countries. These taxes apply to financial and capital transactions, mainly involving buying, selling, and stamp duties. According to the OECD, this share was 1% of GDP in Italy in 2023, followed by Belgium, Portugal, and Spain (all 0.8%). In France, property transfer taxes accounted for 0.7% of GDP, compared with 0.6% in the UK and 0.3% in Germany. Spain's proposal for a property 100% tax for non-EU buyers is sparking debate across Europe. In May 2025, during hearings at the European Parliament, José García Montalvo, Professor of Economics at Pompeu Fabra University in Barcelona, said housing tax policies may not be the most efficient way to address certain problems in the housing market. 'Constant policy changes and lack of coordination between tax policy and housing supply measures undermine the effectiveness of housing tax policies leading to unpredictable market outcomes and persistent problems of affordability,' he said. Diana Hourani from the Personal and Property Taxes Unit of OECD, noted that there is significant scope to enhance the efficiency, equity and revenue potential of many different types of housing taxes in OECD countries. 'Improving these taxes can, in many cases, also ease upward pressure on house prices,' Hourani added.