The EU’s incoming competition chief has signalled a new era in how Brussels polices dealmaking, promising the bloc’s merger rules will “evolve” to help European companies build scale to take on global rivals.
Teresa Ribera told the Financial Times she would take a “step by step” approach to reforms to clear away barriers to innovation and boost the EU’s flagging competitiveness against the US and China.
The Spanish socialist, who was previously deputy prime minister in Madrid, was this week nominated to take what is arguably the new European Commission’s most powerful policy portfolio, overseeing the green transition, economic competitiveness and the enforcement of the antitrust regime.
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