Structural Reform Of Markets Is The Key To European Economic Growth

Mario Monti, Italy's Prime Minister, previously was the EU's antitrust chief. Why does that matter? It means that he understands the ways in which regulation and corporate structure can-- and do-- impede competition both within and across European nations. He understands that the theory of the open European market has been realized only in part, and he understands how changes in law and regulation can permit and foster competition. He also believes that competitive markets are a key to economic growth, since that is one of the principal tenets of antitrust policy.

The Wall Street Journal of February 8 describes how Mr. Monti is arguing for market reforms both in Italy and in the EU as a whole. His new position as Italian PM gives prominence and platform to his views that his former positions did not provide.

I believe that Mr. Monti is of the view that I share--