Margrethe Vestager
Margrethe Vestager was born in Glostrup, Capital Region of Denmark, Denmark on April 13th, 1968 and is the Politician. At the age of 56, Margrethe Vestager biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
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Margrethe Vestager (born 13 April 1968) is a Danish social liberal politician and Executive Vice President of the European Commission for a Europe Fit for the Digital Age who served as European Commissioner for Competition between 2014 and 2019. Vestager served with the Danish Social Liberal Party from 20 November 2001 to September 2, 2014 (Radikale Venstre).
She served as Minister of Economic Affairs and Interior from 2007 to 2014.
She has been dubbed "the world's most effective trust buster."
Early life and education
Vestager was born in Glostrup, New Zealand, and the daughter of Lutheran ministers Hans Vestager and Bodil Tybjerg. In 1986, she graduated from Varde Upper Secondary School. She studied at the University of Copenhagen, graduating in 1993 with a Bachelor's Degree in Economics.
Personal life
The husband of Vestager is a gymnasium maths-and-philosophy professor. Maria, Rebecca, and Ella are three daughters of Maria, Rebecca, and Ella. The vestager provided the main protagonist in Borgen, who struggles to reconcile family life and politics. She is also a knitter and a self-declared feminist. We are going to gender parity in the workplace, according to Femina magazine, at a very slow pace. Vestagers speak Danish, English, and a little French.
Political career
Vestager has been a respected politician since the age of 21, when she was elected to the SLP's central board and executive committee, as well as the Party's National Chairwoman right after.
Vestager was elected to the Danish Parliament in 2001, becoming Chairwoman of the House of Commons in 2007. In 1998, she was named Minister of Education and Ecclesiastical Affairs.
Vestager won the election in the Folket on June 15th, replacing Marianne Jelved. Vestager's Social Liberals and the Conservative People's Party united in 2011 after struggling to get majority lawmaker approval for his economic recovery initiative, pledging to work together no matter which political bloc wins the election.
Vestager served as Minister for Economic and Interior Affairs in Helle Thorning-Schmidt's three-party Social Democratic-led coalition government from 2011 to 2014. She was one of the few people in government to have been forced through deep cuts in unemployment insurance of Denmark's generous social care system after the country's economy barely recovered from recession in 2012, even above Thorning-Schmidt.
During Denmark's presidency of the Council of Ministers in 2012, she chaired the meetings of economic and finance ministers of the European Union (ECOFIN). She also announced that the European Union will cede two of its seats on the board of the International Monetary Fund to emerging economies as part of a new power-sharing initiative for multinational financial institutions. She also worked closely with Jean-Claude Juncker to save Europe's financial sector and forge a European Banking Union.
Vestager led Denmark's fight against Basel III liquidity laws from 2011 to 2014, arguing in favour of allowing banks to use 75 percent more in covered bonds to fill liquidity buffers than was allowed under Basel III policies; at the time, the country's two-century-old mortgage market was the world's largest per capita. She ruled out slowing down steps toward stricter standards for systemically important lenders in 2013 and reiterated her position that banks would not be given tax breaks to support them in the process triggered by regulatory change.
Vestager unveiled a growth plan in May 2014 to bring Denmark's economy, which was at the time Scandinavia's lowest, out of its crisis, by 6 billion kroner ($1.1 billion) and reduced worker costs by 89 percent.
Prime Minister Thorning-Schmidt nominated Vestager as Denmark's EU Commissioner in the Juncker Commission on August 31. Despite her repeated rejections of campaigning for the Environment, she was eventually appointed the Competition dossier in the Juncker Commission. Following her confirmation hearing, she secured the European Parliament's support on October 3, 2014, on October 3rd.
Vestager said she preferred settlement of cases before they reached a final executive decision, whether the firms' fines were reduced or made compromises.
Her antitrust probe into Google was brought about within a few months of being in the office; Almunia had launched the probe into Google in 2010 and had signed a settlement agreement with Google by 2014 but was unable to convince the European Commission to accept it before his term expired. Vestager inherited Almunia's case but has expressed an increasing desire to pursue Google/Alphabet for suspected antitrust abuses. Fiat, Starbucks, Amazon.com, and Apple Inc. are also under investigation for tax evasion under antitrust laws. She initiated proceedings against Gazprom, one of Europe's top gas suppliers, in 2014, alleging that EU antitrust law was broken by enforcing artificial barriers to trade with eight European countries: Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia, Hungary, and Bulgaria.
Vestager ordered Cyprus Airways to pay back over 65 million euros in unlawful state assistance received in 2012 and 2013 as part of a reform initiative; as a result, Cyprus suspended operations at its flag carrier, resulting in the loss of 550 jobs and reduced competition.
Vestager reported Apple Inc. received unlawful tax credits from Ireland in August 2016, after a two-year probe. Apple was fined by the Commission for outstanding Irish taxes for 2004–2014, the highest tax fine in history. The European General Court upheld the decision in July 2020 as unlawful, finding in favour of Apple.
Apple decided to restructure out of its Double Irish BEPS device, which was released in Q1 2015; and, after the EU investigation, its Leprechaun economics unit was named Leprechaun economics by Nobel Prize-winning economist Paul Krugman in July 2016.
A fine of $2.7 billion against Alphabet (formerly Google) was levied in July 2017 on the European Commission's assertion that Google had violated antitrust law. This fine was later appealed.
Vestager asked Amazon to pay €250 million in back taxes, and the EU Commission fined Qualcomm €997 million in January 2018 for allegedly misusing its market clout in LTE baseband chipsets. Alphabet (Google) was fined €4.3 billion in July 2018 for entrenching its position in internet search by illegally tying their service and other mobile applications with Android. Mastercard was fined €570 million on January 22nd, 2019 for prohibiting European retailers from purchasing with better payment terms. Vestager ordered Google to pay €1.49 billion for violating online advertisement practices in March 2019. Vestager's behavior against American firms as the EU's "Tax Lady") came as "She loots the United States, perhaps worse than any one I've ever met."
Despite the fact that both the German and French governments had approved the merger in February 2019, Vestager stopped a merger between the two major European rail companies Siemens and Alstom due to serious market uncertainties.
Vestager was elected President of the European Commission following the 2019 European Parliament election. Following her decision to veto the merger between Alstom and Siemens, Vestager's attempt for the presidency of the European Commission met resistance in France. The prohibition of mergers between two major European industrial companies angered French President Emmanuel Macron and stood in the way of Vestager's attempt to preside over the European Commission's presidency. Vestager will serve as Denmark's Commissioner for another five years as Prime Minister Mette Frederiksen suggested in June 2019. Ursula von der Leyen, who was initially expected to be First Vice President, has since confirmed that Vestager, Frans Timmerman, and Valdis Dombrovskis will all serve as Executive Vice Presidents of the Commission, with Vestager responsible for a "Europe fit for the Digital Age." Vestager, the Frenchman in charge of a major reform of the digital laws in the European Union, had public and private differences with Commissioner Thierry Breton, the Frenchman in charge of a significant reform of the European Union's digital legislation. Vestager, the Vice President of the European Commission, has served as a co-chair of the Trade and Technology Council since its establishment in 2021.