Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-15-Speech-4-095-000"

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"Madam President, Vice-President Almunia, the Annual Report on EU Competition Policy 2010 is the 40th in this series of Commission reports. The various reports reflect the evolution of competition policy and its essential role in the sustainability of the European project. Competition policy has established a demanding framework for extraordinary responses to the crisis, responses which, in many cases, take the form of recapitalisation, guarantees and liquidity support. The responses must be proportional; they must establish a fair division of responsibility and not distort the markets to the detriment of competitors which in the end belong to customers, consumers, taxpayers and all citizens. One key aspect of this report relates to the exercise of collective actions so that the victims of competition breaches can obtain compensation for damages. We have reached an important consensus in committee with the invaluable contribution of Mr Schwab. Sadly, however, the chosen method of incorporating it as an annex to this report was considered unacceptable. This report, therefore, has been severely hacked about. What I propose is that voting be postponed so that we can incorporate the set of compromises reached on the Committee for Economic and Monetary Affairs and this can be supported by Parliament. The Commission has announced the launch of an initiative during the next year on this subject and this initiative brooks no delay. Parliament can ensure its consistency with other initiatives that may be adopted and the Commission must present it ambitiously, taking into account the specifics of competition law and contemplating all necessary measures to ensure its effectiveness."@en1
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