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Draghi’s real message on European competition enforcement: “Not delivering on innovation and growth”
The Draghi report on the future of European competitiveness has been largely well received, although concerns have been raised that Draghi is prescribing a rollback of competition enforcement and regulation, particularly in telecoms and digital. This column argues that this is a misrepresentation of what he says. Draghi’s competition recommendations involve adopting a more “innovation and growth-focused” posture in selecting and investigating cases, going “back to drawing board” on principles and breaking siloes with industrial policy and trade, not a prescription to relax competition enforcement. Share ... (full story)