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===COVID-19 response=== The European Commission organized a video conference of world leaders on 4 May 2020 to raise funds for [[COVID-19 vaccine]] development. US$8 billion was raised.<ref>{{Cite news|last1=Stevis-Gridneff|first1=Matina|last2=Jakes|first2=Lara|date=4 May 2020|title=World Leaders Join to Pledge $8 Billion for Vaccine as U.S. Goes It Alone|language=en-US|work=The New York Times|url=https://www.nytimes.com/2020/05/04/world/europe/eu-coronavirus-vaccine.html |archive-url=https://web.archive.org/web/20200504224053/https://www.nytimes.com/2020/05/04/world/europe/eu-coronavirus-vaccine.html |archive-date=2020-05-04 |url-access=subscription |url-status=live|access-date=10 May 2020|issn=0362-4331}}</ref> The European Commission issued a new multi-year data plan in February 2020 pushing the digitalization of all aspects of [[European Union|EU]] society for the benefit of civic and economic growth.<ref name=":7">{{Cite web|title=Does This Change Everything? Coronavirus and your private data|url=https://www.eib.org/en/stories/coronavirus-impact-data-privacy|access-date=7 June 2021|website=European Investment Bank|language=en|archive-date=7 June 2021|archive-url=https://web.archive.org/web/20210607142044/https://www.eib.org/en/stories/coronavirus-impact-data-privacy|url-status=live}}</ref><ref name=":8">{{Cite web|title=Strategy for Data {{!}} Shaping Europe's digital future|url=https://digital-strategy.ec.europa.eu/en/policies/strategy-data|access-date=7 June 2021|website=digital-strategy.ec.europa.eu|language=en|archive-date=7 June 2021|archive-url=https://web.archive.org/web/20210607142031/https://digital-strategy.ec.europa.eu/en/policies/strategy-data|url-status=live}}</ref><ref name=":9">{{Cite web|date=7 November 2018|title=What is GDPR, the EU's new data protection law?|url=https://gdpr.eu/what-is-gdpr/|access-date=7 June 2021|website=GDPR.eu|language=en-US|archive-date=27 April 2021|archive-url=https://web.archive.org/web/20210427044901/https://gdpr.eu/what-is-gdpr/|url-status=live}}</ref><ref name=":10">{{Cite web|title=Data protection in the EU|url=https://ec.europa.eu/info/law/law-topic/data-protection/data-protection-eu_en|access-date=7 June 2021|website=European Commission β European Commission|language=en|archive-date=28 April 2018|archive-url=https://web.archive.org/web/20180428112513/https://ec.europa.eu/info/law/law-topic/data-protection/data-protection-eu_en|url-status=live}}</ref> The goal of this data strategy is to create a single market for data in which data flows across the EU and across sectors while maintaining full respect for privacy and data protection, where access rules are fair, and where the European economy benefits enormously as a global player as a result of the new data economy.<ref name=":7"/><ref name=":8"/><ref name=":9"/><ref name=":10"/>
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