Domenica, 23 Settembre 2018

Italian antitrust chief says competition cures inequalities


(updates previous)
Rome, June 18 - The chief of the Italian antitrust
authority warned parliament on Tuesday that growth will not
return without structural reform that increases competition.
"Returning to growth requires structural reforms that
increase the country's competitiveness. Policy for competition
constitutes one of the most important issues," said Antitrust
Authority President Govanni Pitruzzella in a presentation of the
watchdog's annual report.
"Competition policy is not topical but central,"
Pitruzzella continued, explaining that promoting competitiveness
and economic growth indirectly tackles excessive socioeconomic
inequalities "that have characterized Western society in the
last decade".
Pitruzzella cited economist and Nobel laureate Joseph
Stiglitz saying that "non competitive markets, or worse still,
situations of monopoly create income conditions in favour of
restricted economic and social groups".
Pitruzzella also called for harmonizing the liberalization
of markets among all European Union countries.
"The existence of non-homogeneous levels of liberalisation
in the various States" of the EU represents "an obstacle on the
path of reciprocity and the full affirmation of a single
"We must insist on Italian political institutions to demand
the same zeal for guaranteeing the openness of markets that
Italy is demonstrating," Pitruzzella demanded.

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