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.

Read more

Votes: 0
E-mail me when people leave their comments –

You need to be a member of mediaspace.global to add comments!

Join mediaspace.global