Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-06-Speech-3-225"
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"en.20101006.16.3-225"2
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"Madam President, I agree with much of what has been said by the previous speakers. I welcome the Commissioner’s statement because, if I listen carefully, the Commission is actually open to the Parliament’s request, which was included in last year’s report on competition policy, for a more sophisticated toolkit with regard to antitrust policies.
The focus has been very much on fines and the size of the fines, but we should be careful that this does not turn into an ideological debate. This is very much about having a toolkit which is an effective deterrent to anti-competitive practices. As you rightly pointed out, the damage to our economy and also to consumers is considerable. I think that fines should be reasonable but, if companies are complaining about fines, then the one thing they should not do is engage in cartels. That is the best guarantee that they will not face excessive fines.
Last year, we asked for proposals by the Commission for more sophisticated instruments. We asked you to come forward with proposals that would cover issues like individual responsibility (which you mentioned), transparency and accountability of firms, shorter procedures, the right to defence and due process, and mechanisms to ensure the effective operation of leniency applications, but also corporate compliance programmes and the development of European standards. I would like to know if the Commission intends to come forward with such proposals. We realise that this is very complicated, as we are looking at national competences and EU competences. But I think we share the common objective of making the market function properly."@en1
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