FT, keep cool!

Sir, I understand perfectly well the sentiments that you express in “Europe abandons the sanity clause” June 25, where you complain about the EU is dropping the principle of “free and undistorted competition”. Having said that I believe that you should be very careful sounding too principled on this issue, not only because most facets of competition will one way or another always be present in life, no matter the wording of any Treaty, but also because so much of the free competition preaching has lately gone hand in hand with the very strong intellectual property rights assertion trend, and that in many cases has signified a much more serious obstacle to” free and undistorted competition”. Therefore, may I suggest you take it easy and keep cool, as we truly need FT to be very clearheaded on this issue.