European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
The Council today agreed to give a boost to a high-performance computing ecosystem by establishing a new European joint undertaking.
The joint undertaking will oversee the pooling of resources within Europe to develop supercomputers for processing big data, which is essential for addressing current major scientific and societal challenges.
"Powerful supercomputers are necessary if we are to create and develop new markets with significant added value. They are at the core of advanced technologies which are vital to Europe's competitiveness and security, tacking major challenges such as climate change forecasting and advanced medicine modelling. Today's decision supports the EU's ambitious digital and innovation agenda to establish a high-performance and world-beating computing ecosystem across Europe. An essential part of this ambition is to equip researchers and innovators with the right skills and provide them with access to new knowledge and technologies."
Krasimir Valchev, Minister of Education and Science of Bulgaria
High-performance computing is key to the digitisation of industry and the data economy. Its many practical applications will provide benefits to a wide range of industrial and business sectors, as well as to users from academia, scientific communities and the public sector.
Europe's scientific capabilities, industrial competitiveness and sovereignty depend on access to world-class supercomputers and data infrastructures to keep pace with the increasingly complex challenges and problems of our modern world.
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The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
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