Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-10-09-Speech-4-087"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20031009.2.4-087"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"In carrying out its work on revising competition law, the Commission is proposing here a thoroughgoing change to the regulation on concentrations. This initiative must be fully welcomed.
For several years now, European companies, now joined by the Community judge, have been emphasising the shortcomings of Regulation 4064/89. The unduly long procedure for investigating concentrations and the imprecise nature of the notion of dominant position were only two features that were clearly not such as to permit the carrying out of operations rendered more and more necessary in the interests of the global competitiveness of European companies.
The Commission’s proposal, enriched by the amendments adopted by Parliament, should normally enable the big European industrial groups to hold their own and compete on equal terms with their American competitors. In applying the new wording, the Commission will still have to demonstrate genuine European ambition and set aside the approach, couched in narrow accounting terms, that has again recently prompted it to refuse certain industrial mergers.
A legal text is nothing independently of the interpretation given of it. I therefore hope that the Commission will embark upon its own cultural revolution and, in particular, abandon this procedural zeal that has done so much to harm companies and European employees."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples