Mario Monti Interview: The Dealbreaker Explains Himself

Mario Monti, the European Commission's chief antitrust enforcer, spoke last week in his Brussels office with TIME bureau chief James Graff.

Q: Earlier this week U.S. Treasury Secretary Paul O'Neill said the European Commission, "not elected by anyone," was meddling "outside their jurisdiction" in the GE-Honeywell case. How do you explain this ruling to him and the millions of Americans who seem just as baffled?

A: 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....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!