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We'll support European champions, but not on the backs of consumers, Ribera says

By Natalie McNelis, Nicholas Hirst, Lewis Crofts and Andrew Boyce ( November 12, 2024, 21:03 GMT | Insight) -- European companies shouldn't be shielded from competition to develop “champions,” Teresa Ribera said tonight, but she would protect them from unfair foreign competition and consider “new time horizons” in merger reviews. The Spanish politician appeared before the European Parliament for a confirmation hearing as a member of the incoming European Commission, responsible for competition policy.Fostering "European champions" won't be put ahead of protection for fair competition on the European market, the nominee to head EU competition policy told European lawmakers this evening....

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