Spanish newspapers are reporting Almunia's competition priorities. These include an in-depth analysis of compensation issues for victims of monopolies, taking into account the desirability of avoiding the excessive number of disputes which have occurred in the United States.
Spanish newspapers are reporting Almunia's competition priorities. These include an in-depth analysis of compensation issues for victims of monopolies, taking into account the desirability of avoiding the excessive number of disputes which have occurred in the United States. The Spanish Joaquin Almunia, currently responsible for DG ECFIN and proposed as future Competition Commissioner. He will play a major role in the future Commission although his appointment is subject to approvals by the European Parliament.
Almunia said his priorities will include to "ensure that competition policy supports a successful exit from the crisis, while maintaining equality conditions and protecting the internal market ".
Almunia will be responsible for assessing state aid to companies. Brussels has provided the competition sector with more flexible regulations after the outbreak of the crisis.
In recent months, the EC has given green light to state aid plans to refloat the financial system and to protect other sectors of the crash. In addition, for Almunia, the crisis has made clear it is necessary to revise the procedure for review of State aid and modernize "the way in which these investigations are conducted.
Objectives for 2015:
Among its objectives over the next five years, the incoming Commissioner intends to conduct in-depth analyses on the issue of compensation to victims of monopolies, taking into account the desirability of avoiding the excessive number of disputes that occur in the United States in this scope.
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