Mario Draghi's call last week for a revamp of Europe's tough pro-competition policy rules prompted much speculation that the EU's next antitrust chief may...
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"If you loosen EU competition rules to build huge companies, create European champions, you will get companies that are French, German and Italian. The smaller countries will wonder 'What's in it for us?'," said one senior euro zone official. But any new arrival will be greeted by a near 900-head Directorate General of Competition which, long-time antitrust watchers say, is institutionally imbued with a belief in the economic benefits of strong competition policy."And a new Competition Commissioner is always dependent on their services," said Umberto Gambini, partner at the Forward Global business consultancy and a former European Parliament lawmaker specialised in antitrust and state aid matters.
"Let me be very clear: we start from a common condition ... Competition is good. It is good for investment, good for productivity and good for income distribution," he said. Instead she pointed to his proposals on new tools to boost antitrust enforcement; to force firms to make their networks and products interoperable with others'; and how to judge risks such as future product shortages in any merger decision.
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