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Competition policy in a changing world

· Christine Lagarde, President of the European Central Bank (Euro area (EU))

Summary written by Dark Majestic in its own words · topics: growth, investment and productivity

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· Christine Lagarde Wiki · European Central Bank WikiCompetition policy in a changing world

ContextSpeech by Christine Lagarde for the 15th anniversary of the French competition authority (Autorité de la concurrence) in Paris.

Why it mattersLagarde suggests competition policy should allow larger European firms where scale matters.

Problems raised
  1. Europe needs larger players to compete globally.
  2. Tech investment needs scale.
  3. Competition must stay strong.
Solutions proposed
  1. Keep a robust competition framework.
  2. Consider innovation criteria in mergers.
  3. Redefine markets where scale matters.
Read full speech on ecb.europa.eu ↗

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