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Comment: New competition chief Ribera sets high bar for any new EU powers on entrenched markets

By Lewis Crofts and Nicholas Hirst ( October 23, 2024, 12:33 GMT | Comment) -- The prospects of the EU introducing new powers to break open dysfunctional markets appear slight, despite calls by the German government and former Italian premier Mario Draghi for a New Competition Tool. Europe's new competition commissioner Teresa Ribera has set stiff terms to justify creating such a new power, and European Commission President Ursula von der Leyen has notably omitted any mention of the power in her "new approach" to competition policy. The odds of it happening in the next five years seem to have lengthened.The prospects of the EU introducing new powers to break open dysfunctional markets appear slight, despite calls by the German government and former Italian Prime Minister Mario Draghi for a “New Competition Tool.”...

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