Although he has worked in a prominent E.U. position for the last five years as the commissioner for economic and monetary affairs, Almunia’s views on antitrust matters are not widely known. In client briefings, Freshfields Bruckhaus Deringer and Cleary Gottlieb Steen & Hamilton–arguably the two leading antitrust players in Brussels–both expect him to act much like his predecessor. Almunia will “continue Neelie Kroes’s hands-on policy approach,” says Freshfields, while Cleary elaborates: “There are no indications that he intends to deviate to any material extent from the policies of his predecessors.”
That’s not necessarily good news for businesses. In the last 12 months, the outgoing commissioner, Kroes, augmented her tough reputation with a whirlwind of high-profile decisions.
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