Unbundling Of European Energy Markets? Not If The French And Germans Get Their Way
The Brussels Summit in June saw the new French President Nicolas Sarkozy succeeded in persuading the EU to drop its commitment to free and undistorted competition from its reform treaty. Although Competition Commissioner Neelie Kroes argues this will have little impact upon Brussels tough stance against cartels, illegal subsidies and protectionism; many legal experts support the stance that the new arrangement will weaken the Commissioners ability to crack down on such ongoing practices.
As if to rub salt in the wounds, recent comments following the approved merger between GDF and Suez by Jean-Pierre Jouyet, Frances Europe Minister are likely to further inflame relations. Referring to the merger, Jouyet remarked to journalists: its a vision of what could be the energy policy for Europe. This must be particularly upsetting to Kroes who has been careful to ensure that the merger was scrutinised from top to bottom to seek out any adverse effect on competition, also making certain the disposal of assets and concessions formed the founding conditions for any potential deal.
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