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The League renounced any candidacy as EU Commissioner

Verantwortlicher Autor: Carlo Marino Rome, 19.07.2019, 09:02 Uhr
Nachricht/Bericht: +++ Politik +++ Bericht 6295x gelesen

Rome [ENA] The League under-secretary Giancarlo Giorgetti went yesterday to the Quirinale, Office of the President of the Italian republic, to explain the reasons for renouncing any hypothesis of candidacy as EU Commissioner. The League wanted the EU Commissioner for competition policy that is the member of the European Commission responsible for competition. But in the vote at the EU Parliament which elected

Ursula von der Leyen at the head of the European Commission, Five Star Movement (M5S) voted in favour, while the League voted against. So, the Italian ruling parties in Rome are together in Italy and divided in Europe. Before this vote, the Italian European Union Commissioner for Competition policy was supposed to be a politician from the League, in particular Mr. Giorgetti. Regrettably the League decided not to back von der Leyen, who is the only responsible for the organization of the Commission. Competition policy aims to ensure that market practices and strategies do not reduce consumer welfare. Industrial policy, meanwhile, aims at securing framework conditions that are advantageous to industrial competitiveness, and deals with

(sector-specific) production rules as well as the direction of public funds and tax measures. Competition policy’s objective is not to protect market competition, but to ensure that market practices and strategies do not reduce consumer welfare. If limiting competition to some moderate extent proves necessary in order to achieve some benefits which especially make consumers better-off (or at least not worse-off), then such a practice is desired and accepted. Securing framework conditions that are favorable to industrial competitiveness, incentivizing private investments across sectors and firms (horizontal industrial policy) is one of the aims of the competition policy.

Another important aspect of the competion policy is dealing with (sector-specific) production rules as well as the direction of public funds and tax measures, which generate further incentives for private investments to the benefit of specific technologies, sectors or even firms (vertical industrial policy). Competition should be considered the basis which is effectively protected and promoted by the implementation of competition policy rules. Effective competition policy removes market-entry barriers imposed by incumbents. This can lead to increased innovation incentives for entrants who want to improve their market position and increase their customer basis. However, it also increases the incentives of the incumbents to innovate and

and protect their market share from their competitors. Innovation leads to better-quality products and services which are offered at a competitive price, thus increasing both consumer and producer welfare. The EU competition policy, and in particular the EU merger control, can be in line with entry restrictions, since their motive is to remove competition distortions that are harmful for consumers.

Italy considers the EU Commissioner for competition policy an important position. But at the moment there’s a stir in the audience that suggests disapproval. https://bruegel.org/2019/07/how-should-the-relationship-between-competition-policy-and-industrial-policy-evolve-in-the-european-union/?utm_source=GDPR&utm_campaign=aec0292432-EMAIL_CAMPAIGN_2019_05_16_12_59_COPY_01&utm_medium=email&utm_term=0_7c51e322b7-aec0292432-278739497

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