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....
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