If Spain Goes Under, Italy

This Is Certainly Not The First Case In Which A Merger Approved In One Place Hasn't Gone Through In The Other. There Was A Case Last Year Where The Merger Between Two Eu Companies Was Approved Here And Blocked In The U.s.

A Lot Of The American Press At The Time Was Saying 'just Watch What Happens When Bertelsmann Tries To Buy Emi, That Will Be A Moment Of Truth That Will Show The Commission's True Colors.' Well, That Deal Never Happened Either.

Reference To The Territory And Total Disregard For The Nationality Of The Companies Is Of Course The Best Guarantee That Competition Assessment Remain Just That And Doesn't Get Affected By Trade Or Other Considerations.

I Believe That Reforms Will Not Really Take Hold If They Do Not Gradually Come Into The Culture Of The People.

It Is Rather Unusual For Italy To Be At The Forefront Of Pro-market Initiatives.