Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-291-375"
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"en.20120202.31.4-291-375"2
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"The right to compensation for damages suffered is essential to any legal system. The various national jurisdictions already safeguard this. However, I think we need to be cautious regarding collective redress. On the one hand, we do not wish to open the door to a system like that in the United States, in which abuse of the law is commonplace, jeopardising the activity of thousands of companies. On the other, in relation to the area of competition, the existence of collective action will mean consumers harmed by an anti-competitive practice that has been penalised pursuant to the Treaty on the Functioning of the European Union will be able to claim damages. This will lead to the associated application of fines and to the compensation of consumers harmed by such practices. Once again, that could have serious effects for businesses. I therefore believe we should proceed with caution in this area, and I prefer alternative dispute-resolution mechanisms that are cheaper, faster and, in many cases, more effective. As such, I consider it crucial that Parliament continues to play an active role in this area."@en1
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