7
May
2025
Watch
Competition policy – annual report 2024 (debate)
Mr President, Europe must become more competitive. We want our businesses to grow and invest here. They are the basis of our livelihood. But this sticks to words if we don't overcome two gigantic challenges. Because why is it easier for a start-up to move from Amsterdam to San Diego instead of, for example, from Amsterdam to Milan? There's a huge problem there. Businesses cannot grow here unless we deepen the internal market. We need more than the omnibus packages to power Europe's growth engine. Because differences in rules are equivalent to an internal rate of 45% on goods and up to 110% on services. So we can do something about that ourselves. A second challenge is to stop unfair competition and abuse of power in our market. Large companies use their size and our personal data to shape the market. The European fines take them up for sale. The adjustments we enforce are relatively small and that is exactly their business model. I wholeheartedly support the Commission in addressing these companies, but the situation now is that unfair competition has become almost normal on the market, both for services and for goods. We enforce rules for our entrepreneurs and our companies, but if you come from outside Europe, you're almost free to play. And that's a huge problem that we have to work much harder on. So, Commissioner, tackle unfair competition and deepen the internal market as if it were 1986.