Monday, July 20, 2015

My competition philosophy - comments on Vestager

Commissioner Vestager has a new op-ed on My competition philosophy In Europe, companies must play by Europe’s rules.

Some choice passages:

I find it only natural that competition policy is political: protecting consumers, creating jobs, and promoting economic growth is at the center of the goals we work toward...However, when it comes to the individual cases of competition enforcement, independence remains non-negotiable. There, the role of competition authorities is to enforce the law and serve the common interest. We are committed to the principles of fairness, good administration, transparency and due process. There is simply no room for political interference. Our actions have to be solely based on impartiality and rigor: On the facts, on the economics, and on the law.

Does rhetoric reflect reality?  My sense is not always.

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