Closing Remarks by EVP Teresa Ribera at the 20th Annual GCLC Conference,
Brussels, 30 April 2025.
[...] " competition policy can also today be a powerful force for change, for creation of health and for shared prosperity.
It is also a critical tool to ensure that market power is not excessive and, in that sense protects democracy and ensure high quality of life.
I would say it is a very powerful horizontal enabler. It is a tool that boosts productivity, efficiency, and innovation. This leads to better resource use, cleaner technologies, and more resilient supply chains.." [...]
Speech
Speech by EVP Teresa Ribera in the Forum Europa Brussels Breakfast,
Brussels, 20 January 2025.
[...] "This is why we are working to adapt our competition tools to the new challenges that lie ahead. We will preserve the fundamentals, which have stood the test of time, but we need to factor in today's complex technological, economic, and geopolitical challenges. The world is not the type of world we just to know anymore. We need to ensure that competition policy continues to be an enabler of our other policy objectives, in particular innovation, decarbonisation and economic security within our borders, and a level playing field worldwide." [...]
Speech by EVP Teresa Ribera in the Annual CRA Brussels Conference 2024 on competition policy adapted to the new global realities,
Brussels, 10 December 2024.
[...] "Europe is defining its new business model, with competition as an essential part of it. And with competition policy as a compass to reach the kind of Europe we want to live in. A Europe that is competitive, green, fair, and resilient." [...]
Statement by EVP Vestager at the Joint European Forum for IPCEI (JEF-IPCEI),
Brussels, 27 November 2024.
[...] "Ultimately, what the Letta and Draghi reports tell us is that, in a changing and ever-more challenging world, we will succeed together, or fail individually.
This is precisely what IPCEIs are about: they are about collaborating and working together, to push frontiers, to the benefit of our competitiveness and more broadly of our societies. Having seen the willingness and dedication of all those involved in the JEF-IPCEI, to free up resources and to prioritise this work, I am confident that we will succeed together."
Listen to the speech by EVP Vestager at the webinar "Generative Al : the challenges for innovation, the economy and competition" organised by the French Autorité de la concurrence,
1 October 2024.
[...] "For competition enforcers, I think it is clear what must be done: we must continue to monitor transactions in the AI sector, we must continue to assess our options and how to address new challenges and we must do this by working together." [...]
Speech by EVP Vestager at the 28th Annual Competition Conference of the International Bar Association,
Florence, 6 September 2024.
[...] "Will we revise Regulation 1/2003 and when? I am afraid these are questions that I cannot answer. Whether or not Regulation 1/2003 will be amended will be for the new Commissioner for Competition to decide. But I assure you that there will be opportunities for you to engage with the process." [...]
Speech by EVP Vestager at the European Commission workshop on "Competition in Virtual Worlds and Generative AI",
Brussels, 28 June 2024.
[...] "The commercialisation of AI and its powerful tools is going to be lead by a few companies that already have a lot of market power. And these firms could leverage powerful network effects to control emerging markets. So we remain vigilant. Not just because of AI's huge potential to boost growth and competitiveness but also to protect things like freedom of expression and equality." [...]
Speech by EVP Vestager at the Open Markets Institute,
Brussels, 27 June 2024.
[...] "We are not just concerned with the concentration of market power. We are concerned that this power is in the hands of online platforms that have gained a huge space in our lives. That control how we get our news. How we share it. How we interact with each other.
The ties that we built across the Atlantic serve a common purpose. To restore competition. To empower companies and consumers. To set guardrails against disinformation and impediments to plurality. We have built far-reaching tools. We owe it to our citizens to use them with purpose." [...]
Speech by EVP Vestager at DG COMP's conference "Protecting competition in a changing world",
Brussels, 27 June 2024.
[...] "And to be clear, the advancement of competition policy means the advancement of the Single Market. Competition policy is about breaking down barriers and market partitioning. Progress in the Single Market's integration will both improve competition and provide more opportunities for scale economies and growth." [...]
Speech by EVP Vestager at the European Competition Network conference on the DMA,
Amsterdam, 24 June 2024.
[...] "The Commission and the ECN members will work hard to ensure the DMA is effective. We will make sure that the stadium gates are kept open, the pitch is level and play is fair. You can leave that to us.
But we need you—startups, SMEs, and investors—to take the ball, run with it and score those goals. We are at a crucial point for digital markets, and we all need to pitch in. Together as Team DMA, we can make the digital game competitive again."
Speech by EVP Vestager at the European Young Bar Association summer conference,
Brussels, 21 June 2024.
[...] "When you read Norse mythology, the interactions with the jötnar are never simple. Sometimes it involves negotiations, sometimes it involves more active persuasion.
I think that is also how it must be with today's digital giants. The fact is, we are only at the beginning of a new digital era. The new rules we have put in place will need to be honed over time – I'm sure of it. But one lesson from the Viking myths will still be true: power is neither ‘all good' nor ‘all bad' – it's a mix of the two; and it all depends on what you do with it." [...]
Speech by EVP Vestager at the High-Level Forum on State Aid,
Brussels, 3 June 2024.
[...] "State aid policy must continue to fulfil its mandate to avoid undue distortions to competition, while allowing the EU to stay at the forefront of innovation, cater for cohesion and lead the twin transition. The EU will need to maintain a balance and continue to adapt its State aid policy to changing market conditions and other policy developments while preserving a competitive Single Market." [...]
Speech by EVP Vestager at the EU Competition Day,
Brussels, 26 April 2024.
[...] "I think we have made it clear that we will protect the Single Market. We will tackle distortive subsidies from wherever in the world they arise. But we will only act on the basis of clear evidence and in full respect of our international engagements and commitments." [...]
Speech by EVP Vestager at the Merger Regulation 20th Anniversary Conference,
Brussels, 18 April 2024.
[...] "And so like a tall and towering tree, the Merger Regulation has stood its ground, firmly rooted in the rule of law for the last 20 years. The secret to its success has been its robust but flexible framework. But we are on a constant learning curve, and always open to hear your feedback.
That said, I do think we have to be careful about tinkering with the basic framework of the Merger Regulation. Some are calling for some hard pruning to the tree. Others would like to see it chopped down altogether. If you ask me, I would prefer to see it continue to grow and blossom."
Speech by EVP Vestager at the Orgalim 2024 reception,
Brussels, 16 April 2024.
[...] "
what separates us from the next mandate is a lot more than just a few months. It is the distance between regulation, and its implementation. Because with regulation, you change perceptions. But with implementation, you change behaviours."
Speech by EVP Vestager at the Institute for Advanced Study,
Brussels, 9 April 2024.
[...] "
When it comes to digital, this is our 1955. And the policy choices we make today will shape how technology develops and how it is used, for decades to come.
“This isn't a new weapon, it is a new world”. Indeed, just like nuclear decades ago, technology has the power to unfold a completely new world. But it is up to this world to decide what to make of technology. A weapon to diminish our humanity, and turn us against each other. Or, how I tend to see as a realist, a formidable source of human progress.."
Speech by EVP Vestager at the Clean Energy Summit,
Brussels, 18 March 2024.
[...] "
In conclusion, the green transition remains a ‘must'. The question is how we go about it, and here we must advocate for a market-driven approach, accompanied, where necessary, by targeted and proportionate public support.
Competition policy is part of the solution. It can support a cost-efficient transition, while ensuring that no one is left behind."
Speech by EVP Vestager at the Global Competition Law Centre, College of Europe, Bruges, 1 March 2024.
[...] "
indeed, Article 102 is the beating heart of EU antitrust enforcement. Like any muscle, the heart must exercise to keep in shape. We have been exercising intensely and we will continue to do so. The Guidelines on exclusionary abuses will set the frame for future enforcement. We need to get them right. An important part of the exercise right now is to listen to the voices of academics and practitioners in the field." [...]
Speech by EVP Vestager at the 22nd International Conference on Competition,
Berlin, 29 February 2024.
[...] "
And so, as we are witnessing an upswing in digital M&A activity after the disruptive period of recent years, I believe that we are well equipped to rise to the challenge. We will continue to make sure that markets remain open and that tech giants keep facing competition. When needed, we will stop anticompetitive walls from being built. Because, as history teaches us, once a wall is built, it can take an awful long time to see it come down."
Speech by EVP Vestager at the Renew Europe event at the European Parliament,
Brussels, 19 February 2024.
[...] "
A second lesson we've learned is that digital markets are wide-reaching, sometimes affecting the economy in ways you might not have expected. So we have to look carefully at vertical integration and at ecosystems. We have to take account of the impact of AI in how we assess mergers. We even have to think about how AI might lead to new kinds of algorithmic collusion. [...]"