In the area of macroeconomic policies, I think we'll see more centralization, like in the budgetary sphere.

Growth in any individual European country has to be the result of policies for growth pursued in that country consistent with budgetary discipline.

I know this isn't a widespread view in the Anglo Saxon world, but I believe that much of the reconciliation between more centralized governance and the scope for democracy - democratic control - will be resolved through an even stronger role of the European Parliament.

If governments let themselves be fully bound by the decisions of their parliaments without protecting their own freedom to act, a breakup of Europe would be a more probable outcome than deeper integration.

Like other antitrust agencies we make our assessment of a merger or antitrust case based on its impact on our jurisdiction, and not on the nationality of the companies. This is exactly what the U.S. antitrust agencies, the Justice Department and the FTC, do.

I think my sense of color I have got from my upbringing in Peru.