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Dozens of distinguished European economists on Monday declared their assist for the appointment of Fiona Scott Morton because the European Fee’s new chief competitors economist.
The appointment final week of Scott Morton unleashed harsh criticism, largely from the French institution and the nation’s enterprise neighborhood. The considerations middle on her American citizenship and her previous work as a marketing consultant for Large Tech corporations.
“The European Fee and, extra broadly, us Europeans are very fortunate to have drawn somebody of her caliber,” reads the assertion signed by 39 high competitors consultants, together with Nobel Prize winner Bengt Holmstrom and French economist Olivier Blanchard.
“Scott Morton is without doubt one of the greatest economists on the planet within the area of business group, a significant contributor to coverage considering on tech regulation, and strongly motivated for public service,” they added, and the Fee ought to “recruit the very best collaborators within the service of European residents, independently of their nationality.”
Assuming the appointment goes forward, Scott Morton will take up the function on September 1, changing into the primary non-European to tackle the delicate function. She is going to advise the Fee on all kinds of competitors issues together with antitrust probes, large mergers, authorities subsidies — and the Digital Markets Act, which can place a straitjacket on Large Tech companies deemed to carry a gatekeeper place for digital companies reminiscent of search or apps.
A number of political teams within the European Parliament have additionally requested EU antitrust chief Margrethe Vestager to rethink her determination. Vestager will tackle Parliament’s ECON committee Tuesday afternoon, her spokesperson stated.
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