Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
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Levin College of Law

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Wednesday, September 28, 2005

Kroes moves EU merger analysis to US Model

Neelie Kroes, the new EU competition commissioner, announced earlier this week that she proposes to move EU merger analysis towards the US model with a more careful analysisof efficiencies and effects on consumers.  The Wall Street Journal of September 26, 2005 (article by Adam Cohen and Mary Jacoby) quotes:

"I like aggressive competition, including by dominant companies," Ms. Kroes told the conference, in remarks intended to signal the EU's evolution and her own views. "I don't care if it may hurt competitors, as long as it ultimately benefits consumers."

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Comments

This is a classic example of pennywise pound foolish thinking. In the long run competition benefits consumers far more than the efficiencies of monopolies.

I wonder if she's forgotten that the EU's supposedly onerous anti-trust rules save Sprint from being acquired by the sham that was WorldCom.

Posted by: Evan | Oct 3, 2005 10:29:53 AM

This is a classic example of pennywise pound foolish thinking. In the long run competition benefits consumers far more than the efficiencies of monopolies.

I wonder if she's forgotten that the EU's supposedly onerous anti-trust rules saved Sprint from being acquired by the sham that was WorldCom.

Posted by: Evan | Oct 3, 2005 10:31:26 AM

Ms Kroes speech was on the topic of Article 82: Abuse of dominant position - not merger control.

Posted by: insider | Oct 4, 2005 1:34:17 AM

The topic of the speech was the application of Art 82 - not merger analysis.

Posted by: insider | Oct 4, 2005 1:35:37 AM

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