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In a long-awaited decision, Joaquín Almunia, Vice President of the European Commission responsible for Competition Policy, accused thirteen western giant investment banking groups and two support bodies that those banks created a trust, setting prices in the over the counter trade of Credit Default Swaps and Derivatives, a multi trillion business. The Commission’s investigation covers […]
It was earlier today that the Vice-President of the European Commission, Joaquin Almunia, received an open letter signed by a dozen complainants that ask for the strictest possible punishment in the long pending Google Antitrust case. This letter signed by 11 internet companies came as the next strategic move of the fierce Anti-Google lobby that […]
Enforcing fair competition in the fast-moving digital markets, like in the Google case, is a fight against time. If the antitrust procedures take the long way of legal battles before the European courts, the possible competition law breaches may purport billions to the culpable party. That is why, Joaquín Almunia, Vice President of the European Commission […]
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