9 October 2016
Shortly in the European Parliament we’ll be discussing once more the annual report on EU competition policy. You’d be amazed by what’s possible. European Commissioner Margrethe Vestager recently answered my letter on Bayer’s takeover of Monsanto by saying she had received as yet no report of this, but she would certainly be looking into it. In my view the takeover should, however, have set alarm bells ringing, not only because of Monsanto’s questionable reputation, but principally because it raises the question as to when enough is enough, and when corporations become ‘too big to fail’. We have absolutely no need for such a chemical industry giant. If a takeover of this kind van happen under the existing policy, then in my view that policy should be changed.