The EU Commission estimates costs for more effective Greek competition enforcement

Article published on Centre for Competition Policy blog.

Greece Needs to Tackle Cartels – But Can It?* An EU task force sent to Athens in January have suggested that removing obstacles to competition – estimated to cost Greece around 1% of GDP (€2.5bn a year) – would help to restore its competitiveness and contribute to controlling the current Greek economic crisis. As well as the need for greater liberalisation in Greek markets, collusion is thought to be a big problem. But in the light of its business culture and public sentiment, can cartel control be made effective in Greece? Although Greece has a modern cartel enforcement regime in place – complete with leniency programme and now criminal sanctions – leniency applications are thought to be few and far between. The problem is partly a cultural one. 500 years of Ottoman rule (Τουρκοκρατία)

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Auteur

  • University of East Anglia (Norwich)

Citation

Andreas Stephan, The EU Commission estimates costs for more effective Greek competition enforcement, 8 janvier 2010, e-Competitions January 2010, Art. N° 39557

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