E.U.: Commissioner Almunia takes stand to maintain bargaining power of European Commission
In his speech at the Conference on Competition Policy, Law and Economics, Joaquín Almunia, Commissioner for Competition Policy, made a firm stance against European companies’ attempts to shield themselves from competition through mergers. Additionally, he struck down accusations that the European Commission deliberately attempts to make potential mergers more difficult than necessary. In defense of his statements, Almunia noted that the Commission only blocked 22 mergers that came before them, and approved 4,600, since the body formed in 1990. Almunia stressed the need for the Commission to maintain its power to negotiate with the mega-corporations of the continent, 27 of which made Forbes List of the world’s largest companies.
Full Content: NewEurope
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI