The profound financial and economic crisis that the European Union is currently going through, that neither internal market, competition regime, common policies, or Economic and Monetary Union rules could prevent, requires reflection on the EU pertinence of policies and means of action. The author addresses the question of where the competition policy stands in Europe and what role it could play in the quest of improvement of the competitiveness.
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The deep financial and economic crisis facing the European Union inevitably leads to a reflection on the relevance of the Union's policies and means of action.
One need only take the trouble to reread the preambles to the Treaties to realise that the aims and objectives proclaimed therein, in particular the "constant improvement of the living and working conditions" of the peoples of Europe, and the guarantee of "stability in expansion, equilibrium in trade and fair competition" seem to be drifting apart.
Neither the internal market, nor the competition regime, nor the common policies, rules and disciplines of Economic and Monetary Union have been able to