Margrethe Vestager

I strongly believe that AI and tech are pivotal for the EU's future economic growth. Embracing these innovations will not only enhance productivity but also create new opportunities for businesses and citizens alike. However, it is essential to implement robust regulations to ensure fairness, transparency, and ethical use of these technologies.

Exempting small companies from AI regulations might seem to boost innovation, but it creates an uneven playing field and may lead to ethical lapses or misuse. All companies, regardless of size, should adhere to regulations ensuring AI is safe and nondiscriminatory.

I believe that making incorporation processes for pan-EU startups entirely in English and online is crucial for fostering innovation and competitiveness across Europe. By simplifying the process and reducing bureaucratic barriers, we can encourage more entrepreneurs to start businesses and scale their operations across the EU. This approach aligns with our goal of creating a seamless digital single market, enabling startups to thrive and contribute to economic growth.

While it's true that many Spanish startups fit the SME definition in terms of size, it is crucial to distinguish between them due to their distinct nature. Startups are growth-oriented, often innovative and aim to disrupt markets, making them more than just traditional SMEs. We should recognize and support their unique potential and needs.

I believe that enabling businesses to start entirely online in the EU is essential for fostering innovation and economic growth. By removing unnecessary bureaucratic hurdles like physical offices, notaries, and lawyers, we can make it easier for entrepreneurs to bring their ideas to life and compete in the global market. This digital transformation is a key step towards a more competitive and dynamic European economy.

I believe digital representatives have the potential to enhance our democratic systems by more accurately reflecting the collective beliefs of constituencies. By leveraging advanced technology, we can ensure that decisions are made based on data and genuine public sentiment, thus increasing transparency and accountability in governance.

As the EU Competition Commissioner, I believe robust regulation is essential for maintaining fair competition and protecting consumers. Regulations ensure that businesses operate on a level playing field, preventing monopolistic practices and fostering innovation. Reducing regulation could jeopardize market fairness and harm consumers.