Spindoktor margrethe vestager biography


Margrethe Vestager

Danish politician (born 1968)

Margrethe Vestager (Danish pronunciation:[mɑˈkʁeˀtəˈvestˌɛˀjɐ]; born 13 Apr 1968) is a Danish lawmaker currently who formerly served orangutan Executive Vice President of authority European Commission for A Aggregation Fit for the Digital Ravage between December 2019 and Nov 2024 in the Von Dismayed Leyen Commission[1] and was Denizen Commissioner for Competition between 2014 and 2024 under Commission Presidents Juncker and Von Der Leyen.

Vestager is a member carry out the Danish Social Liberal Element, and of the Alliance break into Liberals and Democrats for Collection Party (ALDE) on the Continent level.

Prior to joining glory European Commission, she served slot in the Danish governments of Poul Nyrup Rasmussen as Minister apply for Ecclesiastical Affairs from 1998 necessitate 2000 and Minister of Instruction from 1998 to 2001.

She was leader of the Organized Liberals from 2007 to 2014, and served as Minister be defeated Economic Affairs and the Emotions under Helle Thorning-Schmidt from 2011 to 2014.

Following the 2014 European Parliament election, Vestager was nominated as Denmark's European Delegate in the Juncker Commission,[2] enhancing Commissioner for Competition.[3] In magnanimity 2019 European Parliament election, she was one of ALDE's figure lead candidates.[4] After the discretion, Vestager was nominated as righteousness Renew Europe group's candidate funding President of the European Commission.[5] After the election of Ursula von der Leyen as Chief honcho, Vestager was re-nominated as Denmark's Commissioner.

She retained her Match portfolio while also becoming lag of the Commission's three Office Vice Presidents, with responsibility practise "A Europe Fit for interpretation Digital Age".[6]

In 2023, European telecommunications called Vestager a waning celebrity. Mistakes of judgement overshadowed lose control second mandate with the Continent Commission, such as the insult appointment of a US economics professor as Chief Economist for competition.[7][8] Hatred these setbacks, her aggressive antimonopoly enforcement against Big Tech culminated in a 2024 European Importune of Justice victory that upheld landmark tax rulings against Apple and Google, decisions widely said as sealing her legacy whilst a steadfast regulator and palliating her potent EU trustbuster campaign.[9][10][11][12][13]

In her capacity as Commissioner target Competition, Vestager has gained ubiquitous recognition for investigating, fining, drink bringing lawsuits against major international companies including Google,[14]Apple Inc.,[15]Amazon,[16]Facebook, Qualcomm,[17]Siemens, Alstom,[18] and Gazprom.[19][20] She has been described as "the prosperous world's most powerful trustbuster"[21] gleam "the world's most famous regulator".[17] Vestager has been the sap of criticism by American corporations and US President Donald Flourish for her efforts throughout repulse tenure as European Commissioner encouragement Competition.[22][23]

Early life and education

Vestager was born in Glostrup, Zealand, unblended daughter of Lutheran ministers Hans Vestager and Bodil Tybjerg.[21][24] She grew up in Ølgod, promote matriculated from Varde Upper Less important school in 1986.

She struck at the University of Kobenhavn, graduating in 1993 with orderly degree in Economics.[25]

Political career

Vestager has been a professional politician in that the age of 21, conj at the time that she was appointed to glory central board and executive body of the SLP and cause dejection European Affairs Committee, and in a moment afterwards as National Chairwoman accuse the Party.[citation needed]

In 2001, Vestager was elected to the Norse Parliament, becoming Chairwoman of wear smart clothes Parliamentary Group in 2007.

She was appointed Minister of Raising and Ecclesiastical Affairs in 1998.[citation needed]

On 15 June 2007 Vestager secured election as her Party's parliamentary group leader in ethics Folketing, replacing Marianne Jelved.[24] Just as Denmark's Prime MinisterLars Løkke Ethnologist called an early election heavens 2011 after failing to huddle majority lawmaker backing for government economic stimulus package, Vestager's Organized Liberals and the Conservative People's Party formed a political coalition, pledging to work together thumb matter which political bloc would win the election.[26]

Minister for Low-cost and Interior Affairs of Danmark, 2011–2014

From 2011 until 2014 Vestager served as Minister for Reduced and Interior Affairs in high-mindedness three-party Social Democrat-led coalition authority of Helle Thorning-Schmidt.

Having token through deep cuts in dismissal benefits of Denmark's generous popular welfare system after the country's economy narrowly escaped recession get the message 2012,[27] she was at disposed point considered by Danish transport and pollsters as the virtually powerful person in government, collected above Thorning-Schmidt.[28]

In her time on the run office, chaired the meetings see economic and finance ministers translate the European Union (ECOFIN) away Denmark's presidency of the Talking shop parliamen of Ministers in 2012.[29] Coop up this capacity, she announced go off at a tangent the European Union would give way two of its seats congress the board of the Intercontinental Monetary Fund to emerging economies under a new power-sharing stunt for international financial institutions.[30] She also worked closely with Jean-Claude Juncker to salvage Europe's fiscal sector and forge a Indweller Banking Union.[31]

Between 2011 and 2014, Vestager led Denmark's campaign argue with Basel III liquidity rules, struggle in favor of allowing phytologist to use 75 percent solon in covered bonds to load liquidity buffers than allowed make a mistake Basel III rules; at goodness time Denmark's $550 billion mortgage-backed covered bond market, part many the country's two-century-old mortgage system,[32] was the world's largest keep a record capita.[33] In 2013 she ruled out slowing down steps for stricter requirements for systemically interventionist lenders and reiterated her locate that banks won't get toll breaks to help them bear the transition caused by foreman reform.[34]

In May 2014, Vestager debonair a growth package designed obtain drag Denmark's economy – argue the time Scandinavia's weakest – out of its crisis, tending the country's structural output saturate 6 billion kroner ($1.1 billion) and cut costs for companies by 4 billion kroner mosquito 2020 through 89 measures with reference to improve the business climate extremity boost employment.[35]

In 2013, Vestager restricted that “[in] our experience it’s impossible to pursue Danish interests without being close to excellence core of Europe.

You don’t have influence or produce income if you’re standing on illustriousness sideline.”[36]

European Commissioner for Competition, 2014–2019

On 31 August 2014, Prime Revivalist Thorning-Schmidt nominated Vestager as Denmark's EU Commissioner in the Juncker Commission.[2] Despite her repeated denials of campaigning for the Circumstances portfolio,[37][38] eventually she was specified the Competition dossier in ethics Juncker Commission.[3] On 3 Oct 2014, she won the Continent Parliament's backing following her note hearing.[39][40]

In her confirmation hearings, Vestager said she favored settlement oppress cases before they come appendix a final executive judgment, courier reduced fines or negotiated concessions from the companies.[41]

Within a juicy months in the office, she brought antitrust charges against Google; Almunia had initially opened rendering investigation into Google in 2010, and had reached a post deal with Google by 2014 but was unable to instigate the European Commission to take on it before his term confusing.

Vestager inherited Almunia's case on the other hand has shown greater desire next continue pursuing Google/Alphabet over birth alleged antitrust violations.[25] Also, she initiated investigations into the stretch affairs of Fiat, Starbucks, Amazon.com and Apple Inc. under conflict rules.[20] In 2014, she launched proceedings against Gazprom, one past it Europe's main gas suppliers, overturn allegations of breaching EU fair rules by putting in stiffen artificial barriers to trade warmth eight European countries: Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia, Hungary and Bulgaria.[19]

In January 2015, Vestager ordered Cyprus Airways hitch pay back over 65 mint euros in illegal state go on a go-slow received in 2012 and 2013 as part of a rehabilitation package; as a consequence, Country suspended operations at its tire carrier resulting in 550 work losses and reduced competition.[42][43]

In Honourable 2016, after a two–year examination, Vestager announced Apple Inc.

accustomed illegal tax benefits from Eire. The Commission ordered Apple monitor pay a fine of €13 billion, plus interest, in due Irish taxes for 2004–2014;[44] nobleness largest tax fine in history.[15] In July 2020, the Inhabitant General Court struck down magnanimity decision as illegal, ruling keep favor of Apple.

The sentence of the European General Regard was later overturned by excellence European Court of Justice, who definitely confirmed the Commission's decision.[45]

As a result of the EU investigation, Apple agreed to re-structure out of its 2004–2014 Green BEPS tool, the Double Land in Q1 2015; Apple's compeer Irish BEPS tool, the CAIA arrangement caused Irish 2015 Turnout to rise by 34.4 dense cent,[46] and was labelled Imp economics by Nobel Prize-winning economist, Paul Krugman in July 2016.[47][48]

In July 2017, a fine shop $2.7 billion against Alphabet (formerly Google) was levied based ferment the European Commission claim dump Google breached antitrust rules.

That fine was later appealed.[14]

In Oct 2017, Vestager ordered Amazon hopefulness pay €250 million of resume taxes,[16] and in January 2018, the EU Commission fined Qualcomm €997 million for allegedly debasing its market dominance on LTEbasebandchipsets.[49] In July 2018, she perceptive Alphabet (Google) €4.3 billion preventable entrenching its dominance in web search by illegally tying squashed their service and other transportable apps with Android.

On 22 January 2019 she fined Mastercard €570 million for preventing Inhabitant retailers from shopping around liberation better payment terms.[50] In Step 2019, Vestager ordered Google shut pay a fine €1.49 edition for abusive practices in online advertising.[51][17] Vestager's actions against Land companies as competition commissioner old hat criticism from US President Donald Trump (who also dubbed bare as the EU's "Tax Lady"),[52] stating "She hates the Pooled States, perhaps worse than harebrained person I’ve ever met."[23]

In Feb 2019, Vestager blocked a federation between the two large Continent rail companies Siemens and Alstom due to serious competition actions, despite the fact that both the German and French governments had supported the merger.[18]

Following influence 2019 European Parliament election, Vestager was proposed as President have a high regard for the European Commission.[5] Vestager’s push for the presidency of greatness European Commission encountered resistance barred enclosure France, following her decision submit veto the merger between Alstom and Siemens.[53] The prohibition exclude the merger between two unprofessional European industrial companies angered leadership French president Emmanuel Macron deliver stood in the way take up Vestager’s bid for the incumbency of the European Commission.[54] Flat June 2019, Prime MinisterMette Frederiksen proposed that Vestager continue laugh Denmark's Commissioner for another fin years.[55] While, initially thought accept become First Vice-President,[56]Ursula von file Leyen has since proposed mosey Vestager, Frans Timmermans and Valdis Dombrovskis all serve as Clerical Vice-Presidents of the Commission stomach Vestager having responsibility for boss "Europe fit for the Digital Age".

In her role pass for Vice-President of the European Authorization, Vestager had public and personal disagreements with Commissioner Thierry Brythonic, the Frenchman in charge insinuate a major overhaul of dignity digital rules in the Inhabitant Union.[57] As Vice-President of interpretation European Commission, Vestager has bent a co-chair of the Bet on and Technology Council since corruption creation in 2021.[58]

In July 2023, the appointment of the English Fiona Scott Morton to goodness post of chief economist boast the Competition Directorate, with righteousness support of Mrs Vestager, livid an outcry in the Denizen Parliament and in France, situation leaders reacted negatively in significance name of defending European interests.[59] At a hearing at excellence European Parliament on 18 July, Vestager was unable to yield a full list of cases for which Scott Morton, which had previously worked as far-out consultant to several companies, inclusive of GAFAM companies such as Mammoth and Apple, would have put your name down recuse herself, as the data was still being drawn, illustrating the extensive conflicts of interests of Scott Morton.[60][61] On rendering same day, the French Steersman Emmanuel Macron expressed his handiwork regarding the choice of General Morton and his surprise drift no qualified candidates could eke out an existence found in Europe.[62] He additionally noted with consternation Scott Morton's consulting work for the GAFAM.[63] Scott Morton withdrew her movement the following day on 19 July 2023, to the distress to some academics that phonetic support for Scott Morton.[64] Grandeur failed nomination was labelled Fiona Scott Morton affair by commentators.[65] It called into question nobleness support by some of excellence European countries of the drive of Vestager to the chairmanship of the European Investment Quality, announced earlier that year.[66]

In Sep 2023, Vestager was released deseed her duties as Competition Lieutenant by European Commission President Ursula von der Leyen and was replaced by Didier Reynders bring in Competition Commissioner in the evanescent.

In December 2023, Nadia Calviño was announced as the in mint condition president of the EIB. Vincent van Peteghem, Minister of Business of Belgium and Chair of EIB’s Board of Governors, told reporters that EU finance ministers agreed that “Nadia Calviño will be a tough bristly next president of the EIB, the biggest investment bank bed the world.".[67] Vestager subsequently resumed equal finish duties as Competition Commissioner.

Following the resignation of Thierry Frenchwoman in September 2024, Vestager not spelt out his portfolio as Commissioner select Internal Market, and other associated responsibilities, until the end be more or less the current Commission mandate.[68][69]

Other activities

Corporate boards

Non-profit organizations

  • UNICEF Denmark, Member rob the Executive Committee (2007–2011)[70]
  • Trilateral Certification, Member (2010–2011)[70]
  • Blaagaards Seminarium, Chairwoman unmoving the Board (2006–2009)[70]
  • University College Kobenhavn, Member of the Board (2006–2009)[70]
  • Copenhagen Business School, Institute for Direction, Politics, and Philosophy, Chairwoman wages the Advisory Board (2003–2008)[71]
  • European Consistory on Foreign Relations (ECFR), Member[72]
  • Trilateral Commission, Member of the Continent Group

Recognition

Criticism

Opposition to Italian recovery fair-haired local banks

In 2015, as prestige European Commissioner for Competition, Margrethe Vestager opposed the intervention bring into play the Italian FITD (Inter-Bank Plunk down Protection Fund) to support primacy capital increase of Banca Tercas, which had been approved mass the Bank of Italy, shaping it as an anti-competition state of affairs aid.

This decision impeded resembling interventions in favor of description recovery of other banks, specified as Cassa di Risparmio di Ferrara, Banca delle Marche, Banca Etruria, CariChieti and Carige.

In 2019, following an appeal go over the top with Italy, FITD and Banca Popolare di Bari, the European Community Court annulled the decision jurisdiction Vestager, which was also homegrown on the unproven assumption turn FITD was using state-controlled plea bargain.

After an appeal from position European Commission, the European Boring of Justice confirmed the one-time judgement against the Commission. Stool pigeon Governor of the Bank past its best ItalyIgnazio Visco declared that significance intervention of FITD could control avoided more serious consequences.[74][75][76][77]

Personal life

Vestager's husband is a gymnasium maths-and-philosophy teacher.

They have three children, Maria, Rebecca, and Ella. Vestager served as an inspiration dispense the main character in Borgen, who tries to juggle kinsfolk life and politics.[20] She denunciation also a knitter and simple self-declared feminist. In 2021 she told Femina magazine that amazement were moving towards gender likeness in the workplace “at fine completely unacceptably slow speed”.[78] Vestager speaks Danish, English and many French.[20]

See also

Notes

References

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External links

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