EU: CEO’s reject France and Germany’s proposal to interfere with the EC’s exclusive powers

The European Round Table of Industrialists (ERT), a group including 55 CEOs and chairs of major European employers, published on Monday (7 October) a paper titled ‘Competing at Scale: EU Competition Policy fit for the Global Stage.’

Their position fits into the ongoing debate to update the EU’s antitrust rules to better compete in the digital world currently controlled by US and Chinese giants.

The business leaders are generally supportive of the bloc’s competition policy.

But “the rapid digitisation of most sectors of the economy and the increasing dominance of giants from China and the US however also provide evidence of the need for reflection and change,” the group says.

Full Content: EurActive

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