Mario Monti Quotes (31 Quotes)


    I have the most profound respect for the Department of Justice and the FTC. We in Europe are a younger and I would say junior institution to the historical antitrust experience of the US.

    The commission is determined to intervene in cases where measures taken by undertakings jeopardize the proper functioning of the single market, ... Such measures constitute a very serious infringement of European competition rules and must be dealt with severely.

    A lot of the American press at the time was saying 'just watch what happens when Bertelsmann tries to buy EMI, that will be a moment of truth that will show the Commission's true colors.' Well, that deal never happened either.

    That statement was not addressed to the authors of political statements. I said that I deplore attempts to misinform the public and to /trigger/ political intervention. And there were such attempts.

    As 'moral suasion' or veiled threats become less effective, it is not surprising that governments feel more tempted to use outright opposition.


    I don't believe we're seeing the beginning of a divergence. We have seen a partial divergence on this case.

    The proposed aid to Nissan is in line with the European Community rules for state aid and the specific rulebook for aid to the motor vehicle industry in particular,

    In a music market already characterized by a high degree of consolidation, the danger which has been averted was that by allowing AOL to team up effectively with three of the five music majors, the resulting integrated company could have dominated the online music distribution market and music players.

    We are determined to see to it that this rare and unfortunate divergence stimulates enhanced and not reduced professional cooperation.

    Today's decision restores the conditions for fair competition in the markets concerned and establishes clear principles for the future conduct of a company with such a strong dominant position.

    show an almost complete absence of competition with high and rigid prices.

    We have no knowledge of any action GE may plan to take. GE has not contacted the EC that I'm aware of and there is no reason for them to do so,

    We will make a detailed assessment of the impact on competition in the various digital and cable sectors, and more particularly the provision of software for set-top boxes in the U.K. and the impact on the choice for British cable subscribers,

    We are determined to ensure that the final outcome of this case is to the benefit of innovation and consumers alike,

    These are important cases for the development of music services offered online to consumers and there are potentially a number of issues which merit close examination.

    There is no government in Europe where ministers go through that kind of confirmation process, which in fact is modeled on the way the U.S. cabinet members are confirmed.

    We had excellent, almost daily, cooperation with the DoJ.

    I deplore attempts to misinform the public and to trigger political intervention. This is out of place in an anti-trust case and has no impact on the Commission.

    Yes, online music services should develop rapidly, but with a diversity of service providers.

    A few years ago, if a European regulator had raised two eyebrows or even one, the chief executive would have backed off. The courage wasn't there. Now, in a sense, the king is naked.

    If this initial opinion is confirmed, Fifa will have to change its rules.

    This is certainly not the first case in which a merger approved in one place hasn't gone through in the other. There was a case last year where the merger between two EU companies was approved here and blocked in the U.S.

    Reference to the territory and total disregard for the nationality of the companies is of course the best guarantee that competition assessment remain just that and doesn't get affected by trade or other considerations.

    Dominant companies have a special responsibility to ensure that the way they do business doesn't prevent competition ... and does not harm consumers and innovation,

    Like other antitrust agencies we make our assessment of a merger or antitrust case based on its impact on our jurisdiction, and not on the nationality of the companies. This is exactly what the U.S. antitrust agencies, the Justice Department and the FTC, do.

    This means at this stage we have some concerns about the proposed merger ... The formal decision of the second stage will be adopted before the end of this week,

    Consumers are going to gain most from this reform... through wider choices and lower prices, ... And for retailers, there will be greater competition, to the benefit of the consumer.

    As to the question of elected or not elected, each member of the European Commission has been appointed jointly by the governments of the 15 member states, and undergone individual scrutiny and a vote of confidence from the European Parliament.

    The European Commission and FIFA and UEFA firmly cemented an agreement on a significant number of issues.

    The merger... would have severely reduced competition in the aerospace industry and resulted ultimately in higher prices for customers, particularly airlines.

    Try to guess my answer to that question, however temptingly you pose it.


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