This house would stop Google from taking over the world.

Selected Version - Version 2 (Current Version) : 20 Jan 2012 | 14:03 | NADIA999

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On the point: Monopolies are illegal in Europe


"The Financial Times reports that "Google is being blamed for multiple and multifaceted abuses".
Schmidt met Joaquín Almunia, the commission's antitrust chief, to follow up discussions they had in January, when the commission began contacting companies about their experience of Google's handling of competition in search and advertising.
Almunia's department formally began the antitrust investigation on 30 November 2010 into "allegations that Google Inc has abused a dominant position in online search, in violation of European Union rules".
In Europe, companies which dominate a market have to tread carefully so that they do not lock out other potential rivals – unlike the US, where having and defending a monopoly is legal but using it to monopolise new sectors is not. The commission can impose serious strictures or fine companies for non-compliance." -[[http://www.guardian.co.uk/technology/2011/dec/05/google-antitrust-inquiry-eric-schmidt]] Google owns 80% of search engine market and is as such a monopoly in that industry, Europe is bound to fine Google for this not that the fine will damage the company or its continuing success.

Google is an American company and is such bound by American not European laws. Paying a fee to the European commission should and will not damage Google in any way however  
the European Commission should be wary that this Tariff is akin to bribery.

Yes, because... Monopolies are illegal in Europe

 

"The Financial Times reports that "Google is being blamed for multiple and multifaceted abuses". Schmidt met Joaquín Almunia, the commission's antitrust chief, to follow up discussions they had in January, when the commission began contacting companies about their experience of Google's handling of competition in search and advertising. Almunia's department formally began the antitrust investigation on 30 November 2010 into "allegations that Google Inc has abused a dominant position in online search, in violation of European Union rules". In Europe, companies which dominate a market have to tread carefully so that they do not lock out other potential rivals – unlike the US, where having and defending a monopoly is legal but using it to monopolise new sectors is not. The commission can impose serious strictures or fine companies for non-compliance." -[1] Google owns 80% of search engine market and is as such a monopoly in that industry, Europe is bound to fine Google for this not that the fine will damage the company or its continuing success.

  1. ^ http://www.guardian.co.uk/technology/2011/dec/05/google-antitrust-inquiry-eric-schmidt

 

Google is an American company and is such bound by American not European laws. Paying a fee to the European commission should and will not damage Google in any way however

the European Commission should be wary that this Tariff is akin to bribery.

 
22 February 2011