Kroes set to pounce on price-fixers

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Series Details Vol.11, No.9, 10.3.05
Publication Date 10/03/2005
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Date: 10/03/05

The European Commission is to step up its fight against cartel activity by setting up a directorate devoted exclusively to cartel enforcement, EU competition chief Neelie Kroes was announcing today (10 March).

She was to tell lawyers at an International Bar Association conference that anti-cartel work should be an "even higher priority" during her time as commissioner.

"I would see the creation of this new directorate as a concrete expression of the zero-tolerance policy the European Commission is committed to implement in the face of this most damaging type of anti-competitive practice," Kroes says.

One EU lawyer said that the construction and chemical sectors were likely to face the brunt of investigations.

Kroes also confirmed that the Commission would publish a green paper on how to encourage more lawsuits in the case of anti-competitive practices - known as private enforcement - by the end of 2005.

"Not enough use is made of the courts," she says.

The European Commission was to step up its fight against cartel activity by setting up a directorate devoted exclusively to cartel enforcement, the European Commissioner for Competition, Neelie Kroes, was announcing on 10 March 2005.

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European Commission: Press Release: SPEECH/05/157 http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/05/157&format=HTML&aged=0&language=EN&guiLanguage=en

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