Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-07-03-Speech-3-310"
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"en.20020703.10.3-310"2
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"Mr President, Commissioner, I would like to thank Mr Berenguer Fuster for his excellent work.
Commissioner, I have said it before, and have said it in Sweden. You are perhaps the most important Member of the Commission for citizens of my country, where issues of competition have
been high on the agenda. Things have started to improve now, so there is cause for hope. Competition policy is particularly important for small countries, where the risks of monopolies and concentrations of undertakings are obvious. It is great that the EU is now prepared to carry out a review of the way acquisition control is to function in a globalised economy. The world around is changing, which places new demands on EU merger control.
In my country, we have had a broad discussion on these issues since a number of high-profile intended mergers failed to happen. I am
saying that the Commission has made incorrect assessments in these particular cases. However, I feel that broader considerations could be applied in assessments of mergers. Once again, this is particularly important for small countries.
I would like to mention a few particular points. Firstly, acquisition control should be more focused on promoting the development and rationalisation of companies in the internal market as a whole. We must create a complete market without obstacles and segmentation. This is not currently the case. Secondly, acquisition control must become more predictable. Thirdly, the Rule of Law could be strengthened. It is a sound principle that the authority investigating an issue should not be the same one which then makes a decision on the case.
Mr President, we need stronger companies in Europe. We need more competition. We need global players which can grow strong enough to handle increasingly tough international competition. Therefore, there is a need for a more long-term and dynamic approach in the Commission’s assessment of mergers. In this respect, the EU may have something to learn from the US
with the aim of creating an EU with better growth and more competitiveness, in line with what was said in Lisbon."@en1
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"entirely"1
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