Word: tesauro
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Dates: during 2000-2009
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...theory, at least, the consumer should be the one who benefits from competition, but in fact, the entire system benefits," says Giuseppe Tesauro, president of the Authority and the man behind its newfound rigor. "Competition is democracy in economic relations. The very companies that do things to block competition end up hurting themselves...
...Tesauro, a law professor and former advocate general at the European Court of Justice, was named to his post in 1998 and quickly set about giving the Authority real teeth. It helps that the country's current Prime Minister, Giuliano Amato, was Tesauro's predecessor. In the past two years, the Authority has imposed more fines than in the previous eight years combined. Mario Libertini, who teaches industrial law at the University of Rome, says Amato brought tremendous prestige to the Authority, but he notes that the body took on greater force after it started to levy heavy fines...