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European Commissioner for Competition

Brussels seeks to ban £14m subsidy to C4

• Funding for public service TV and costs of switchover • Kroes argues broadcaster has £170m in reserves The European commission is likely to ban the government's proposed £14m aid to Channel 4 to meet the costs of the digital...

German deposits guarantee blows hole in EU's action plan

Angela Merkel, the chancellor, said in Berlin: "We're saying to savers that their deposits are secure." Their comments came hours after it emerged that the EU is forcing Ireland to substantially change its plans to offer all...

Kroes said to reject Polish yard scheme

THE EU’S competition chief will urge rejection of Poland’s shipyard restructuring proposal, which would be expected to cause bankruptcy for the Gdynia and Szczecin facilities, Reuters reported today. Neelie Kroes told treasury...

South Africa: EU Fines Sasol R3,7 Billion Over 'Paraffin Mafia'

THE European Commission yesterday slapped a € 318,2m (R3,7bn) fine on Sasol for its role as a leader of a price-fixing "paraffin mafia" cartel that operated in the European paraffin wax market for 13 years.

EU unveils cautious plans to respond to banking crisis

The EU Commission yesterday (1 October) again called for a "structured European response" to the current financial crisis but showed a cautious approach in the long-awaited proposals it put forward to revise banks' capital...

Brussels fast-tracks approval of bank bail-out plans

The European Commission yesterday (1 October) gave the thumbs up to a rescue plan for British mortgage lender Bradford & Bingley and is expected to do the same for Belgo-Dutch bank Fortis within days.

 British government confirms increase in savers guarantees - Summary

London - The British government confirmed Wednesday that it would raise to 50,000 pounds (90,000 dollars) the limit at which savers deposits would be guaranteed in new legislation next week. The increase of the British...

Some view Ireland’s bank guarantee as devious

Country’s blank check may force European neighbors, others to do the same DUBLIN, Ireland - They called on European Union competition authorities to force an Irish retreat — even as policy-makers in London, Paris and Washington...

Eu Wax Paraffin Mafia

£535m Price-Fixing Fine A CARTEL of oil companies were yesterday fined £535million for price-fixing. The European Commission described the 10 firms who took part as the continent's "ParaffinMafia". They spent 13 years...

'Flexible' view expected from EU partners

By Michael Brennan Political Correspondent Thursday October 02 2008 THE European Commission (EC) is unlikely to come down heavy on the Government over its €400bn banks bailout -- despite apparent breaches of competition law....

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