Good afternoon, After a decade-long struggle, Microsoft this week finally settled its antitrust matters with the European Commission. More than anything, the case exposed deep flaws within current EU competition policy that inhibits due process and encourages excessive fines. This week we also saw the EU's second-highest court overturn a decision by the EC in a competition case citing the "the commission erred in law and infringed the rules governing state aid." The nomination of Joaquin Almunia – with his confirmation hearing scheduled for Jan. 12, 2010 – presents an urgently needed opportunity to establish competition policy that punishes wrongdoers and deters future violations without putting European employees out of work. Europe cannot afford to continue with a competition policy that invokes such skepticism and disappr
Friday 18 December 2009
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