Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-07-03-Speech-3-311"

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"Mr President, Commissioner, given the increasing volume of business mergers and their profound social and economic impact, there is room for improvement on the proposals contained in the Green Paper. As the rapporteur, Mr Berenguer Fuster, points out, the control of mergers is one of the mainstays of Community competition policy. Competition, however, cannot be used as the sole criterion when assessing the acceptability of a planned merger. Other objectives defined in the Lisbon strategy, such as the dynamics of full employment and competitive industries, must also be included in the assessment. Both types of objective should be accorded equal legal status with a view to preventing any lessening of competition but also with a view to advancing the interests of industry and employment, which have become the poor relations in our present-day economic policies. The question of renewing the assessment criteria is therefore crucial. Greater consideration must be given to the realities of global competition, it should be recognised that the idea of national markets is becoming meaningless in all but a few segments of the economy, that the European market is what counts now and, finally, that there is a need to develop the concept of contestable markets by moving towards the criterion of significant lessening of competition. At the same time, procedures must be improved. The One-Stop Shop principle for operations of Community interest is excellent, provided it is combined with good safeguards. The notification conditions can be simplified and the two-thirds rule preserved without losing sight of the need for coherence within the Community. However, it is on two methodological aspects that substantial progress must be made. In view of the huge social impact of these operations, it is imperative that representatives of the workforce and the other interested parties be consulted before any final decisions are made, as proposed by Mr Goebbels and Mr Berenguer Fuster in their amendments. The procedure used to test the market must be made completely transparent; to this end, it will be necessary to listen to the arguments of the interested parties and to respond to their observations. The interests of industry have thus been protected, which was the purpose of one of my amendments. More could be done, of course, with regard to the contestability of decisions. Effective competition in the wider market on the one hand and development of industry and employment on the other: these are two aims on which further improvement is needed."@en1

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