Is the EU the entrepreneur
Written on March 25, 2008
For an institution that sees itself as the businessman’s friend, the European Commission has taken a beating lately.
The main European telecoms lobby has compared it with Soviet dictator Josef Stalin, a German energy executive has called it a greater threat to energy security than Russian monopoly Gazprom, and a top Austrian telecoms boss has said it is easier to do business in authoritarian Belarus than with Brussels.
Why the sudden outcry against an organization that prides itself on removing barriers to cross-border business, reining in state meddling in the economy and promoting free trade?
Critics in some industries say it is because the European Union’s executive arm is trying to make itself more popular with crowd-pleasing initiatives that bash business.
Supporters of the Commission say it is because Brussels is tackling cozy business interests that obstruct competition and exploit dominant market positions for their own greater profit fast cash online.
There is a grain of truth in both explanations.
European Commission President Jose Manuel Barroso has made no secret of pursuing an agenda of delivering lower prices and greater rights to consumers to show the benefits of the EU after voters rejected a proposed European constitution in 2005.
Brussels has used opinion polling to identify targets such as cross-border fees for mobile phone calls and text messages, as well as credit card charges, obstacles to changing bank accounts, and windfall profits of giant energy companies.
Filed in: business.