The European Commission will not look into the possibility of revising the bloc’s competition rules until at least 2021, despite recent pressure from a group of EU member states.
The executive’s industrial strategy, published on 10 March, aims to bolster Europe’s competitiveness and its ‘strategic autonomy’ amid testing global markets and future challenges related to sustainability and digitalisation.
The document highlighted the importance of an independent EU competition policy and noted that the current rules were being looked into, but stopped short of making any significant strides in the field, despite a recent joint letter from Germany, France, Poland, and Italy to Vice-President Commissioner Margrethe Vestager, calling for more urgency in updating the bloc’s competition framework.
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The Commission has proposed today an ambitious reform of the digital space, a comprehensive set of new rules for all digital services, including social media, online market places, and other online platforms that operate in the European Union:…
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