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Author Topic: Microsoft fined $613million by EU Court  (Read 7439 times)

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Offline ajlwalker

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Re: Microsoft fined $613million by EU Court
« on: April 05, 2013, 12:38:19 PM »
Quote from: gertsy;731327
Here's the EU press release: http://europa.eu/rapid/press-release_IP-13-196_en.htm
How's this line:
"Legally binding commitments reached in antitrust decisions play a very important role in our enforcement policy because they allow for rapid solutions to competition problems. Of course, such decisions require strict compliance. A failure to comply is a very serious infringement that must be sanctioned accordingly"
Rapid solutions to competition problems? And from the Spanish as well. LOL.

I feel sorry for EU guys.  If the government in Aust or US tried to STEAL people's money out of their bank accounts as in Cyprus they'd be gone in a month. The middle ages returned. Perhaps they're getting ready to fund a Crusade next.


Look, they had agreed to do something which they later failed to do. Microsoft are so powerful they must be regulated. It is the constant erosion of regulation since the 1970s that has put the world financial system in the mess it is in.

Also your conflation of anti trust legislation and the situation in Cyprus is foolish in the extreme.

Cyprus are party of the Eurozone. As such they cannot devalue their currency to help their economy as this function is controlled by the ECB.  I'm not saying I agree with it, but they see their only solution as giving large depositors a haircut in return for (likely worthless) shares in the banks.

Compare this to the US or UK who have been devaluing their currencies at an alarming rate with the net effect that the people have had money stolen out of their bank accounts. What's more they don't even have any bank shares to show for it.

So one is an upfront open approach and the other is underhand and clearly successful at pulling the wool over many people's eyes.