EU COMMISSIONER FLOATS FOOD RETAIL COMPETITION PROBE

BY KEITH NUTHALL THE EUROPEAN Commission is considering launching a sectoral competition probe into whether price-fixing by retailers is driving up already high food prices in Europe. The admission came from an unusual source - European Union (EU) monetary affairs Commissioner Joaquin Almunia - not EU competition Commissioner Neelie Kroes. Aluminia was told journalists in Brussels: "We are considering [opening] an internal market inquiry into how the retail sector is functioning". Such an investigation could be a serious matter for food retailers, as ...


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