Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-03-15-Speech-3-281"

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"en.20060315.23.3-281"2
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"Mr President, ladies and gentlemen, we find ourselves faced with two possible mergers. The first, between and is undesirable, because it creates an energy monopoly in the Belgian gas and electricity sector and further closes off the French market to competitors. The second merger, however, between could give rise to a diversification of the French and Belgian energy market. The principle of reciprocity in relations between European countries in the energy sector seems essential for a European energy market that benefits the consumer, and for a common European policy in the energy sector. In Italy, ample space has been given to energy companies from other countries by means of privatisation and liberalisation policies. This has also happened in other European countries. France’s breach of the principle of reciprocity in this case cannot be justified by a need to guarantee an autonomous energy sector by means of national champions, but is rather an expression of an excessively nationalistic policy. France already has its national energy champions: it does not need to create any more. The merger between and which controls the Belgian company carries a serious risk of encouraging protectionist trends, not only in the energy sector, but also in other industrial, financial and service sectors. In other cases, the European Commission has strictly applied its antitrust instruments to prevent the development of dominant positions and retaliation by international competition. This has happened recently in the cases of and which now seems to have gone in favour of a French bank. It is to be hoped that the Commission employs a similar strictness in ensuring the free movement of capital, because even in these circumstances the principle must apply to everyone, for we cannot allow some countries in Europe to be more equal than others."@en1
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"ABN-AMRO/Banca Antonveneta"1
"BBVA/Banca Nazionale del Lavoro"1
"BNP Paribas"1
"Electrabel"1

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