A PYMNTS Company

EU: “We are not trying to be superheroes” says Vestager

By  |  January 25, 2018

According to Politico, Margrethe Vestager hit back Thursday, January 25, against criticism that she was going overboard in trying to make markets fair, arguing that her investigators had no intention of behaving like “superheroes.”

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “It’s not our job to rush around looking for people to rescue, getting involved in anything that looks unfair,” the powerful European commissioner for competition told a conference in Brussels.

    Vestager on Wednesday handed down a billion-euro fine against US chipmaker Qualcomm for abusing a dominant position, and in the past few years she has meted out major penalties against firms ranging from Google to the Volkswagen Group. In her speeches she regularly riffs on the idea of fairness — much more so than her predecessors.

    But the former Danish politician argued that her office was not guided by any misplaced or naive idealism. “Talking of fairness like that doesn’t make us Don Quixote,” she told the gathering, which was organized by the Global Competition Law Center.

    Full Content: Politico

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.