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EU admits e-commerce initiative is failing

http://www.totaltele.com/vprint.asp?txtID=37534

EU admits e-commerce initiative is failing

By Alan Osborn, Total Telecom

02 March 2001 The European Union's heavily promoted drive to stimulate e-commerce in member countries is conspicuously failing to inspire public confidence in buying over the Internet, a European Commissioner admitted Friday.

In a remarkably downbeat speech to an e-economy conference in Brussels, the commissioner for consumer policy, David Byrne, said that "the reality, as opposed to the rhetoric, of business-to- consumer [B2C] electronic commerce is, to put it mildly, disappointing."

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