Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-01-18-Speech-2-167-000"
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"en.20110118.14.2-167-000"2
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"Just yesterday, a study was presented in Italy which showed that, at the moment, the businesses that have best withstood the crisis have been those that have managed to bolster their assets. In particular, the study, carried out by a respected Italian university on behalf of the country’s most active business association, claims that mergers were the main means of consolidation. It is not by chance that major financial operations, including mergers, go hand in hand with restructuring and the search for efficiencies in all economic sectors. Within the single market, it is therefore incumbent upon the European institutions to lay down rules that can provide guarantees for all those involved and enable more virtuous businesses to compete better, free from legal uncertainties, red tape and obligations caused by simple misunderstandings. A modern, liberal and efficient economy – as I believe ours must be – needs a specific law on mergers but only if, like the directive proposed today, it is streamlined and non-interfering, and protects the freedoms and rights of the people who could be hurt by these operations."@en1
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