Margrethe Vestager Quotes

Powerful Margrethe Vestager for Daily Growth

The benefits of globalization do not trickle down automatically. It takes politics to make sure that there is a benefit.

- Margrethe Vestager

Politics, Benefits, Sure, Automatically

I'm quite enthusiastic about any kind of gadget and app and feature and things that enable me to have a very convenient lifestyle. We buy our groceries on the Internet; I buy furniture, clothes for myself and my kids.

- Margrethe Vestager

Buy, Very, Gadget, Convenient

I think a lot can be said for consolidation, but I think it should be done for the right reasons.

- Margrethe Vestager

Think, I Think, Lot, Right Reasons

Technology is, in many respects, an enabler for an open, transparent society. But it's also an enabler for supervision to a completely unforeseen degree. And for commercialising personal space to an unforeseen degree.

- Margrethe Vestager

Degree, Many Respects, Also, Unforeseen

If you're in a situation where your effective tax rate is so much lower than any other company, then obviously you have a much better position when it comes to compete on prices and everything else.

- Margrethe Vestager

Compete, Other, Your, Tax Rate

Elephants are social, thoughtful animals. They live in communities and - I have to say it - in matriarchal societies. They bear no grudge, but they remember well.

- Margrethe Vestager

Thoughtful, Say, Social, Elephants

In Europe, we don't only take offence when one company is treating another company in a way that's illegal. We also look at if governments are joining up with companies that makes it more difficult for other companies. We also see that sometimes government actions can make it very difficult for businesses to compete on their merits.

- Margrethe Vestager

Compete, Joining, Very, Treating

I think it's a completely good thing to want to do business, to want to make money and be a success in the marketplace, to get the attention of customers. I'm not in the business of pointing fingers or blaming companies, but there is a limit to everything.

- Margrethe Vestager

Good, Fingers, I Think, Blaming

In Europe, we would congratulate anyone who is successful. But congratulations stop if we find that you start to misuse a dominant position.

- Margrethe Vestager

Start, Misuse, Dominant, Congratulations

Planning is like taking on blinders. I think it is a wise thing to be open to whatever shows up on your doorstep.

- Margrethe Vestager

Think, Like, I Think, Doorstep

My parents didn't do office hours, and they did not do vacations, so if you had a problem, you could always come around. I watched them and thought, 'OK, this is what you are supposed to do.' I was very engaged in my local primary school and when I went to secondary school and to university. And one thing led to another, and here I am.

- Margrethe Vestager

Here, Engaged, Very, Secondary

I'm definitely a techno-optimist. I think we can do amazing things. But in my experience, if a thing has great potential, there is also a risk of great downsides, so to speak. Coming from a truly, really enthusiastic 'wow decade,' we are now moving into waters where we are somewhat more cautious.

- Margrethe Vestager

Decade, I Think, Cautious, Amazing Things

I have learned that European politics is very much like Danish politics. You have all the rumours.

- Margrethe Vestager

Politics, Very, Danish, Rumours

I have a very strong tool in competitional enforcement: To do merger control, to look into cartels, misuse of dominant position - when member states hand out favors, for instance, in terms of tax breaks. But even though that's a strong tool, it cannot solve everything.

- Margrethe Vestager

Strong, Very, Instance, Tax Breaks

We have to take our democracy back. We cannot leave it to Facebook or Snapchat or anyone else. We have to take democracy back and renew it. Society is about people and not about technology.

- Margrethe Vestager

Facebook, About, We Cannot, Renew

We want a free market, but we know that the paradox of a 'free' market is that sometimes you have to intervene. You have to make sure it's not the law of the jungle but the laws of democracy that works.

- Margrethe Vestager

Law, Laws, Sure, Jungle

When we do merger rulings, we have strict deadlines: 25 days. It is extremely intensive, and you must decide how you can do it before your spouse says, 'You know I still love you, but please spend some more time at home.'

- Margrethe Vestager

Love, Some, Before, Strict

Competition is one of the most important drivers of innovation because you have to stay in the race. You have to think of something new, and if you don't, well, of course you should leave the market.

- Margrethe Vestager

Innovation, Think, New, Drivers

We would completely delegitimise what we are doing if we allow politics to interfere with our work.

- Margrethe Vestager

Politics, Doing, Allow, Interfere

On Amazon, you find retailers that want Amazon to do part of their services. Those, you don't find to the same degree on Google Shopping. On Google Shopping, you find sort of the bigger brands, those who want to have the customer relationship themselves - the data, the payment details, the search patterns.

- Margrethe Vestager

Search, Data, Part, Shopping

Basically, I come to Washington a couple of times a year, sort of on a strictly business basis: talk to my counterparts at the Federal Trade Commission, of the DOJ, give an occasional talk, very often in a lawyer or academic environment.

- Margrethe Vestager

Year, Very, Couple, Commission

What I have come to realize over the twenty years when I have worked in different roles as a legislator is that no legislation is as good as the enforcement of it.

- Margrethe Vestager

Over, Enforcement, Roles, Twenty

In Europe, we have three tools when it comes to fair competition. One is antitrust, one is merger control, and the third is state aid control. And the third you don't have in the States.

- Margrethe Vestager

Competition, Control, Fair, Antitrust

It's not in my mission to work against Euroskepticism; it's my mission to work for fair markets. In antitrust, what is at stake is, in some ways, as old as Adam and Eve because it is about greed, to get more.

- Margrethe Vestager

Work, Some, Adam, Antitrust

Very often, I think about the people that I represent. I meet people who have thousands and thousands of employees and millions and millions of customers - and also make a lot of money. But I think about the millions of Europeans that I represent in order to try to balance that so we can meet on more equal terms.

- Margrethe Vestager

I Think, Very, About, Represent

To me, a tax heaven is where everyone pays their fair share. In that respect, I am not quite sure we are in tax heaven yet.

- Margrethe Vestager

Tax, Everyone, Sure, Fair Share

The list of plane reservations I keep on my phone - it's very, very, very long.

- Margrethe Vestager

Phone, Very, Plane, Reservations

You need to have the advice from experienced people coming from different kinds of educational and backgrounds in general, and then you can make a decision. But you need people around you that you trust to give you advice, and you need to make sure that the facts of the case are presented.

- Margrethe Vestager

Trust, Give, Educational, Presented

Most politicians are either generalists or specialists. It's very rare that a politician is both.

- Margrethe Vestager

Most, Very, Either, Specialists

If you're successful in the market, it should be because you have the best products. Then your customers like you, not because then you cut corners, or you get a tax break, or you don't inform authorities about how things actually are.

- Margrethe Vestager

Cut, About, Inform, Customers

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