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EU Antitrust Regulators Mull Tougher Line Against Tech Giants

EU Antitrust Regulators Mull Tougher Line Against Tech Giants

This will impact the likes of Apple, Amazon, Facebook, and Google.

By Reuters | Updated: 11 December 2019 08:55 IST

EU Antitrust Regulators Mull Tougher Line Against Tech Giants

US tech giants are under the EU scanner, with rivals complaining about being shut out of key markets

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Highlights

The Commission has ordered companies to halt anti-competitive practices
EU recently imposed Google fines of more than 8 billion euros
ECC's Margrethe Vestage says she would've been tougher with Google

EU antitrust regulators are considering taking a tougher line against tech giants by forcing them to do more to ensure a level playing field, a senior European Commission official said on Tuesday, a move which could affect Facebook, Amazon, Apple and Google.

The four US tech companies are currently in EU competition enforcers' crosshairs, with rivals complaining about being shut out of key markets.

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The Commission has traditionally ordered companies to halt anti-competitive practices.

This may not be enough, especially in digital markets, said Cecilio Madero Villarejo, acting director-general at the Commission's competition division.

"In fast-moving markets there is a risk that this would take too long to implement and be too difficult to monitor," he told a CRA conference.

"Therefore in particular in these markets, fast moving markets, we may design more prescriptive and possibly restorative remedies in order to ensure that conditions for effective competition will be fully restored," Madero said, without elaborating.

On Monday European Competition Commissioner Margrethe Vestager said with hindsight she would have taken a different line with Google despite imposing fines of more than 8 billion euros on the company after a decade-long investigation.

"If I knew what I know now about Google, I would be bolder," Vestager told a Politico conference.

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