EU's New Competition Chief Eyes Google Breakup Amid Transatlantic Tensions
1min read Teresa Ribera, the newly appointed European Commissioner for Competition, has indicated that the potential breakup of Google's operations remains under consideration. This move is seen as a method to prevent large tech companies from accumulating excessive market power. Ribera, speaking this Thursday, expressed her intent to collaborate with global competition authorities, including those in the United States, to evaluate this option thoroughly.
Ribera seeks to build upon the legacy of her predecessor, Margrethe Vestager, who was known for her stringent regulatory actions against major tech companies. She noted that the breakup of Google is one of the options "on the table," aiming to assess each case individually to determine the feasibility of such measures.
However, Ribera's promise to engage with incoming U.S. President Trump presents an early test for her role. Trump has previously criticized Europe for alleged unfair practices towards the U.S. and has threatened to instigate trade wars. Furthermore, American perceptions of hefty fines against U.S. tech giants by Europe are often seen as provocations that could warrant strong responses.
Beyond the focus on market competition, Ribera will also supervise the implementation of the EU’s landmark Green Deal. Her ability to effect these initiatives remains uncertain, particularly amid political instability across the EU, highlighted by recent government upheavals in France and Germany, the bloc's largest economies.
