Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-367-065"

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"en.20120202.31.4-367-065"2
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"I voted in favour of this resolution welcoming the Commission report on competition policy 2010. To celebrate the 40th anniversary of the report on competition policy, this year’s edition begins with an overview of the major developments of competition policy and enforcement over the past 40 years. I agree with the rapporteur that EU competition policy has brought numerous benefits in terms of consumer welfare and has been an essential tool to eliminate obstacles to the free movement of goods, services, persons and capital. I agree on the emphasis that the ongoing consolidation in the banking sector has actually increased the market share of several major financial institutions and, therefore, the Commission has to maintain a close watch on the sector in order to enhance competition in European banking markets. We, Members of European Parliament, recall the Parliament’s invitation to the Commission during the early steps of the implementation of the third energy package to closely monitor the level of competition; it also asks the Commission to intensify the efforts that it is making in order to open up competition in the credit rating agencies sector."@en1
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