Kroes Speaks Out on the Importance of Competition

Posted by D. Daniel Sokol

Today's Financial Times has a story with a great quote from Neelie Kroes, "We cannot go back to the old inefficient ways just because it suits a narrow political interest from time to time" in response to concerns that EC competition law does not protect European companies.  The purpose of competition law is to protect consumers, not competitors and yet every once in a while there is an enforcement action in the EU that strikes me as overly dogmatic in approach that in fact does not promote greater efficiency.