Hydrodynamic behavior at the vicinity of a confining wall is closely related to the friction properties of the liquid/solid interface. Here we consider, using Molecular Dynamics simulations, the electric contribution to friction for charged surfaces, and the induced modification of the hydrodynamic boundary condition at the confining boundary. The consequences of liquid slippage for electrokinetic phenomena, through the coupling between hydrodynamics and electrostatics within the electric double layer, are explored. Strong amplification of electro-osmotic effects is revealed, and the non-trivial effect of surface charge is discussed. This work allows to reconsider existing experimental data, concerning ζ potentials of hydrophobic surfaces and suggest the possibility to generate "giant" electro-osmotic and electrophoretic effects, with direct applications in microfluidics.