Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-01-28-Speech-3-065"
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"en.20040128.5.3-065"2
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"Mrs Bordes, sometimes, human catastrophes may happen. That is your expression. Speaking in general terms, yes, there are sometimes sacrifices, at least temporary ones, associated with mergers – not always, but often. We also, however, need to consider how the European economy could gain the impetus to enable it, in an increasingly open global economy, to achieve – and if possible to increase – a degree of competitiveness in order to safeguard and increase employment, if it did not have the possibility of being regenerated and restructured, including through mergers.
It is true that many studies show that mergers have not subsequently fulfilled the promises that those responsible attached to them. Our monitoring of mergers is – as you know – more limited; the aim of it is to check for the possibility of consequences that could be damaging to the competitive structure of the market and to consumers. Our role is not to replace the shareholders and others involved in the economic governance of the enterprise in taking the basic decision."@en1
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