Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-15-Speech-4-229-500"
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"en.20111215.23.4-229-500"2
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"The financial and economic crisis that erupted in autumn 2008 continues to exist, and Member States are exposed to the threat of long-term recession. I agree with the opinion that protectionism and the non-enforcement of competition rules will not contribute to solving the crisis in any way. On the contrary, a properly conceived competition policy should help to build a dynamic and innovative internal market that will successfully face global competition. Even in times of crisis, cartel agreements remain the most serious threat to competition, consumer welfare and the proper functioning of markets, and therefore it is justified to impose fines as a tool for enforcing the applicable laws. I believe, however, that the Commission should examine individual cases with special care and ensure that the amounts of fines imposed do not irreparably jeopardise the economic viability of the enterprise concerned, which would lead to its bankruptcy, liquidation and, consequently, large job losses. The crisis situation means that the responses to the challenges arising must take into account the complex economic and social context and must not penalise EU citizens even more."@en1
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