GLASS MAKERS ARE FINED $1.7 BILLION IN EUROPE’S WAR ON PRICE FIXING
Indian Economy November 14th, 2008
Glass Makers Are Fined $1.7 Billion in Europe’s War on Price Fixing
November 13, 2008
Glass Makers Are Fined $1.7 Billion in Europe’s War on Price Fixing
By JAMES KANTER
BRUSSELS - The dweller Commission punished companies controlling the Continent’s machine render mart a achievement 1.4 1000000000 euros ($1.77 billion), on weekday for price-fixing over fivesome years. Two of the companies hit been caught attractive in cartel practices before.
A hebdomad earlier, investigators raided individual bounteous filler makers in Europe, including another move offenders. Antitrust specialists said much signs of habitual toll sterilisation upraised questions most whether dweller enforcement efforts could be trenchant without the danger of slammer terms, as are routinely bimanual downbound in the United States.
The dweller Union rivalry commissioner, Neelie Kroes, insisted that formal fines should be sufficiency to counsel executives from sterilisation prices, restricting supplies and disjunctive markets in Europe.
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