Belgian Competition Day - Competition Policy: State of Play and Future Outlook (Brussels, October 21th 2010)

In this contribution, Vice-President Almunia addresses the issue of private enforcement and gives a brief survey of the first nine months in office. With regard to private enforcement, he announces a new round of public consultation in respect of collective redress. He confirms that his goal is to work to common standards for private enforcement. These standards are based on five principles: an effective compensation for victims, the avoidance of abuse of procedures, the possibility to settle cases, the possibility of collective redress, and financial arrangements that give citizens effective access to justice. With regard to the Commission’s antitrust policy, the Vice-President underlines the importance of deterrence. This deterrence is not incompatible with an increased attention for the ability to pay fines. He refers also to the use of settlement procedures and the need of a detailed analysis in merger control cases. Finally, he indicates that the crisis regime will last over 2011 with stricter conditions and will be replaced by new rules in 2012 for State aid policies in the financial sector.

Competition Policy: State of Play and Future OutlookI. Introduction It is an honour for me to address you in this year's edition of the European Competition Day. First of all I would like to thank the Belgian Competition Authority, and in particular its President Mr. Van Steenbergen, for their hospitality and the work they have done in preparing this gathering. I first attended the Competition Day, in Madrid, when I was still starting to carry out my work as Competition Commissioner in the Barroso 2 Commission. Now, almost nine months after we started, I would like to take this opportunity to look back at what we have delivered over this period, as well to give you an indication of what lies ahead. But before I dwell on those issues let me say a few words on private enforcement, the

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  • European Commission (Brussels)


Joaquín Almunia, Belgian Competition Day - Competition Policy: State of Play and Future Outlook (Brussels, October 21th 2010), February 2011, Concurrences N° 1-2011, Art. N° 34751, pp. 4-8

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