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Davos 2012: European Commissioner Almunia

Saturday, January 28, 2012 - 03:51

Jan. 28 - European Competition Commissioner Joaquin Almunia speaks to Insider at the World Economic Forum in Davos

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Right let's give missed out to a nearly ja writes replied yup -- known how many of the European commissioner for competition joins in this year in many thanks for coming in. That. There's initial respect of course but it's but what would you say. So what to what you just have. What would have been analyzing these. But also that merger. Duty you know what India now and for money you know. Merger on their own investigation on duty -- year. Howard dean's both the chief economist -- of the G -- but he's shown on big -- indirectly involved he did. In the group also has the net and I see in order these -- all day. Aspects that are. Related we've on the decent consensus. We have not. Does indeed mean we've they've been Beason is all of this focus attention isn't that he about the use or trust. What we had a rookie needs -- their proposed merger. Creates problems for the competition when W -- and we have found the senior how how how economic reasons -- -- you know. Well I met team duty in DC set -- guidance for the bizarre point of view is always. Embedded ready. Frenzied Barcelona and a couple open conversation we team. But I don't know what's in minorities not to negotiate we can that the days of course. -- -- -- -- These guys we can dale -- -- -- also those who have been -- -- -- -- -- the days from the competition with the -- I'm Kuwait Reuters in an exclusive this morning Tom which is Germany one in Greece to C budget control. To Brussels. I'd like to get your view on madam whether you think this can only deepen the -- BD yes the political. Crisis in here. Not -- we have tried to solve the day geek opponents -- this from the point of view of the sustainability of this over and then done to regain that. Confidence on trusting -- Greek economy. -- Cousin now. The stronger civilians these settlements from -- you brought up when W. All member states have agreed that these -- needed these strongest. Budget -- civilians. And now I know both. The can be shown on the idea meant that the socially involved on the members states. This out to food. -- because ceased and we've rewards. And the new instrument that was -- but actually seeding full budget control that is a -- for a this -- and I wonder specifically vests but there are rewards they they're. He's got these have been rewards. Everybody should stick to those rules and I think throughout. Then amendment states who. Needing. Financial support from the older member states but in any case there was. Whether somebody's bite everybody. -- everybody's of this speak to the rules and those who received final plus he's funds. And those who are giving kind of an assistant of course gonna downgrade a visiting Spain among others yesterday by affixed it to not just Rick Greenspan was justified. -- I don't comment rating agencies great PDI I think that in the recent positive in these images of crisis. We all of us have an opinion about -- -- -- the other I -- been the Osama of this season's of the grid great and agencies what -- important for me. For the European commission for the European Union. -- -- into the fundamentals of our economies Houston -- of the imbalances multiple read these imbalances when you do that much is whenever they should do more optimistic now than you did two to three months ago. I think the markets what that's showing is that they putting more thrust. In bed if he's gonna cause an additional bonds in the adjustment bonds and also in these demands of the new government's. And didn't -- -- that they do that's custom created to get this I would -- -- --

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Davos 2012: European Commissioner Almunia

Saturday, January 28, 2012 - 03:51