With the European Union’s ‘statements of objection’ against corporate giants Google and Gazprom in the headlines, Margrethe Vestager, the EU Commissioner for Competition, spoke to Friends of Europe about her role as enforcing EU competition law.
Big companies should be congratulated for their success and their role in job creation, Vestager said, but fairness to the customer shall always be the Commissioner’s priority. Deals and mergers that lead to less choice, higher prices and barriers to innovation are damaging to the citizen, and shall be challenged by the EU on the basis of facts and the law, not political opinion. Vestager said her focus would be on creating the Energy Union and a digital European single market in a way that is open, transparent and fair.
Globalisation is having a bigger impact resulting in more mergers and creating more opportunities to discuss competition multilaterally and come to a common understanding of competition between the many jurisdictions around the world.
Margrethe Vestager is a Danish social liberal politician with a long and distinguished career on both the European and national level. In her current portfolio as Executive Vice-President, she is responsible for steering Europe through the digital revolution. She previously made a name for herself as the much-praised Commissioner for Competition (2014-19). She was also Denmark’s Minister for Economic Affairs and the Interior (2011-14) and for Education (1998-2001). In the former role, she served as President of the ECOFIN Council during the Danish EU Presidency (2012). Alongside her ministerial roles, she led the Danish Social Liberal Party (2007-14). Prior to this, she worked for the Danish Ministry of Finance (1993-95).
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