Written by Cemal Karakas (1st edition),
Since 2003, national competition authorities (NCAs) together with the European Commission have boosted the enforcement of EU competition and antitrust rules significantly. However, each year losses of €181-320 billion accrue because of undiscovered cartels, which increase prices by between 17 % and 30 % on average.
In line with its single market strategy, in March 2017 the Commission adopted a proposal for a new directive with a view to ensuring that all NCAs have effective investigation and decision-making tools and that deterrent fines can be imposed. Furthermore, NCAs will have well-designed leniency programmes and enough resources to enforce EU competition rules independently.
|Proposal for a directive of the European Parliament and of the Council to empower the competition authorities of the Member States to be more effective enforcers and to ensure the proper functioning of the internal market|
|Economic and Monetary Affairs (ECON)
Andreas Schwab (EPP, Germany)
Tibor Szanyi (S&D, Hungary)
Joachim Starbatty (ECR, Germany)
Petr Ježek (ALDE, Czech Republic)
Paloma López Bermejo (GUE/NGL, Spain)
Michel Reimon (Greens/EFA, Austria)
Barbara Kappel (ENF, Austria)
Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)
|Next steps expected:||Adoption of report in committee|