Mario Monti Quotes
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Much of what Germany and France have done in the rescue of Greece has also helped German and French banks, who for a long time were major creditors for Greece and Greek banks.
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If governments let themselves be fully bound by the decisions of their parliaments without protecting their own freedom to act, a breakup of Europe would be a more probable outcome than deeper integration.
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I have the most profound respect for the Department of Justice and the FTC. We in Europe are a younger and I would say junior institution to the historical antitrust experience of the US.
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First of all, I don't like to speak about austerity. I'd prefer to speak of fiscal discipline. Fiscal discipline, in the end, amounts to austerity if it is not accompanied by other policies.
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A lot of the American press at the time was saying 'just watch what happens when Bertelsmann tries to buy EMI, that will be a moment of truth that will show the Commission's true colors.' Well, that deal never happened either.
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I hope that my government can help change Italian mentality.
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Not all Greeks are ready to do whatever is necessary to stay in the euro.
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I know this isn't a widespread view in the Anglo Saxon world, but I believe that much of the reconciliation between more centralized governance and the scope for democracy - democratic control - will be resolved through an even stronger role of the European Parliament.
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Like other antitrust agencies we make our assessment of a merger or antitrust case based on its impact on our jurisdiction, and not on the nationality of the companies. This is exactly what the U.S. antitrust agencies, the Justice Department and the FTC, do.
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That statement was not addressed to the authors of political statements. I said that I deplore attempts to misinform the public and to /trigger/ political intervention. And there were such attempts.
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I understand that Italy could have been associated with the idea of an undisciplined country in the past.
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Europe has to avoid old prejudices and new ones. That means north versus south, rich versus poor.
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If Spain goes under, Italy will come under even more scrutiny.
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The Italian economy has been held back for decades.
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I don't believe we're seeing the beginning of a divergence. We have seen a partial divergence on this case.
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Italy needed structural reforms to become more competitive.
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This is certainly not the first case in which a merger approved in one place hasn't gone through in the other. There was a case last year where the merger between two EU companies was approved here and blocked in the U.S.
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There was in Italy a hidden demand for a boring government which would try to tell the truth in non-political jargon.
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Italy even in the future will not need aid from the European Financial Stability Fund.
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There is no government in Europe where ministers go through that kind of confirmation process, which in fact is modeled on the way the U.S. cabinet members are confirmed.
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I believe that in Europe, we have a collective leadership.
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As to the question of elected or not elected, each member of the European Commission has been appointed jointly by the governments of the 15 member states, and undergone individual scrutiny and a vote of confidence from the European Parliament.
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It is very unusual for a country to ask guys who are not politicians to come and run the country.
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Growth in any individual European country has to be the result of policies for growth pursued in that country consistent with budgetary discipline.