European union competition law practice and implementation Essay

European union competition law practice and effectuation - Essay ExampleEuropean competition law has been developed over the years to overcome these fears and provide legal guidelines for fair implementation of business practices.The European Union authority believes that distribute competition in Europe is important as it results in lower prices and also increases the choice for consumers across Europe. Competition within European Union is fixed by the European Commission, along with national competition Authorities. (Goyder 2003). A fair set of norms has been evolved to include perform to be taken against business practices which restrict competition, monitor mergers to project that these argon not designed to disgrace fairness and open competition in previously state run monopolies.(Lowe 2004) The European Union has set out a very transparent competition policy, which is easily accessible. This paper attempts to examine the issues set onwards in the European Competition policy as it affects growth of monopolies particularly that of public service providers. work of general economic interest choose been identified as those market service which discharge liberal interest tasks and are therefore subject to specific obligations related to public service in several(prenominal) member states. These services need to be of a universal nature such as postal and telecommunications services. It is therefore essential that these function effectively to provide continuous and responsive facilities to the community. These also have to be at an affordable price. Thus Article 16 of the Treaty has specified that these services, Without prejudice to Articles 73, 86 and 87,and devoted the place occupied by services of general economic interest in the shared determine of the Union as well as their role in promoting social and territorial cohesion, the Community and the fellow member States, each within their respective powers and within the scope of application of this Treaty, shall take care that such services operate on the basis of principles and conditions which enable them to fulfill their missions.The European Commission has a duty to ensure that these services are supported and duly fostered and that these are not subjected to the likely impact of markets which are open to competition and thus which act beyond the purview of public interest. (Whish 2003). The European Commission has three chief(prenominal) objectives which govern the functioning of the services of general economic interest these are to ensure that these function efficiently, that those which are not within the purview of SGEIs are not classified as such and that it does not have any adverse impact on markets which are open to competition but out side of meat the ambit of public services. (Non Paper 2002). Classification of the SGEIs has to be made very carefully to ensure when utilize to services which are operated by private operators these are intended to meet an individuals general requirements and not a specific category of consumer. There has been a monetary ceiling which has since been laid down of payments of up to 30