Report on competition policy 2009
20 January 2011 - Strasbourg
Mr President, these days competition is often regarded as a concept that makes life difficult. Some people prefer cosy arrangements and the hot tub of backstage agreements as protection against the harsh world of global competition. But, Commissioner, competition is not the spoiler but the lifesaver of the European economy. Europe is at a crossroads. Will it create a transfer economy, with low growth and high structural unemployment, or will it have a wealth-creating economy that stands the test of global competition?

