Cartel fines swell EU’s budget

The European Commission will raise more money in 2006 through cartel fines than ever before, a result of the marked increase in individual fines imposed by Brussels in recent price-fixing cases.

Wikipedia: Cartels http://en.wikipedia.org/wiki/Cartel

European Commission: Press Release: IP/06/1222: Competition: Commission fines copper fittings producers €314.7 million for price fixing cartel http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/1222&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: Memo: MEMO/06/337: Competition: Commission action against cartels – Questions and answers http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/06/337&format=HTML&aged=0&language=EN&guiLanguage=en

BBC News, 20.9.06: UK firms fined over copper cartel http://news.bbc.co.uk/1/hi/business/5364594.stm

---