Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-03-15-Speech-3-291"
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"en.20060315.23.3-291"2
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"The Commission’s initiative to review the regulation on mergers is a welcome one. The legislation has become ineffective, as evidenced by unbalanced and economically unsustainable legal decisions in relation to the energy market in Portugal and Spain.
The recent upsurge in large-scale operators in Europe exacerbates regulatory problems, especially in smaller countries with more fragile resources. Essential goods and services that should be universally available at the lowest possible cost are now being provided by private companies operating monopolies or oligopolies. When the imperfections of the market become the rule rather than the exception, the objectives that competition should be able to produce become unattainable, and it is in this area in particular that the role of regulation is vital.
Commissioner, will the ongoing legislative review provide answers to some of these questions? How does the Commission envisage regulating the power of the European oligopolies? Can Europe live without deep reflection on industrial policy and services of general economic interest?
I thank you in advance for answering these questions."@en1
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