We look at comment on the appointment of the new EU antitrust chief, Margrethe Vestager, who needs to be tough to fight telecoms giants. We also look at the real issue in Israel’s national elections.
The new EU antitrust chief, Margrethe Vestager, needs "a steely ruthlessness" to battle telecom giants, who have persuaded politicians that mergers bring investment and jobs, writes the Financial Times.
... It is no mystery why such firms are so eager to consolidate. Cost savings and a lessening of competitive pressure both boost margins, delighting the shareholder. The effect on the customer is less clear and often highly deleterious. …
It's the economy, stupid!
Last year, Israeli Prime Minister Binyamin Netanyahu decided to call early parliamentary elections. He has focused on national security, while the economy is causing social discontent, writes The Guardian.
… The middle classes are angry about expensive housing and the cost of living. The gap between rich and poor has never been wider. Claiming that national security takes precedence over everyday problems, as Mr Netanyahu has done, only takes you so far. …