TELECOMMUNICATIONS: CRISIS DOES NOT JUSTIFY LAX COMPETITION POLICY, SAYS MONTI.

Position:Competition Commissioner Mario Monti - Brief Article
 
FREE EXCERPT

Speaking in Naples on October 14, Competition Commissioner Mario Monti insisted the crisis rocking the telecommunications sector does not justify a relaxation of competition policy. "I do not believe that when a sector is experiencing difficulties, regulators and competition authorities should relax their controls", said Mr Monti, adding "certain commentators appear to believe that competition authorities should hibernate during economic winters and only re-emerge once spring has returned and capital is again available". He suggested "this implies in particular that the Commission should close its eyes to State aid incompatible with the Treaty being granted to enterprises in difficulty, or should examine anti-competitive agreements or abusive behaviour in a more flexible fashion". Mr Monti is adamant "this is not the correct response to the problems...

To continue reading

REQUEST YOUR TRIAL