Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-07-03-Speech-3-313"

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"en.20020703.10.3-313"2
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"Mr President, Commissioner, ladies and gentlemen, I wish to express my thanks for this excellent report. The Internal Market facilitates the existence of mergers, as does the single currency, enlargement of the Union and globalisation, actually a type of merger, and helps put global control of the economy and communications in the hands of the few. Convergence itself has led to a situation where the IT sector, the media and the telecommunications sector are actually one inside the other, with the result that there exist enormous concentrations – mega-powers, in fact – in which economic and industrial power, the power of communications, and, in many cases, political power, are in practice concentrated in the same hands. The media is also decidedly centralised, and I have not seen the Commission interfere very much in that. The situation in Italy reminds one of Russia, although the Russian leadership at least does not own television channels. There will perhaps soon be only a few companies or operators left in the telecommunications sector, and although they might not attain a dominant market position in one, two or even three countries, it might come about globally. A company will thus have a considerable market share in a group of ten countries. I do hope the Commission will address the situation and assess the globally important market position. Companies that have benefited from economies of scale can manipulate markets. The Union’s binding principle of social cohesion requires that the business interface takes account of social welfare and labour law, and let us also mention the rights of shareholders, which is also part of the social cohesion system we have decided to embrace."@en1

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