Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-373-010"
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"en.20120202.31.4-373-010"2
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"We have voted this morning on the Schwab report in relation to the 40th European Commission annual report on EU competition policy. During the debate on 15 December, I lauded the majority of its content whilst also warning of the risk that it would be severely compromised if it did not include aspects in relation to the collective exercise of private actions, so that the victims of competition infringements can obtain compensation for the damage caused. The approved text, with an amendment that has been co-signed by the members of the competition policy group, reflects the current consensus of the Committee on Economic and Monetary Affairs with respect to the broad guidelines that should apply to the legislative proposal for collective actions for damages due to the breach of EU legislation to defend competition, announced as part of the Commission’s work programme for 2012. As set out in my Amendment 29, these were stated in Parliament on 29 March 2009 during the White Paper debate. Coordination within the EU in terms of the right to the collective exercise of private actions will be essential for providing compensation for the damages sustained by consumers and companies, and to guarantee the efficiency of EU competition law."@en1
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