EU Continues with Big Antitrust Fines

Posted by D. Daniel Sokol

The Commission continues to impose large fines.  This time the companies are the European firms E.ON and GDF Suez, thus ending a debate I have with a practitioner friend that only US technology firms would ever received a high fine.  I won the bet and now get a fancy dinner the next time I am in DC.  Are the size of these plus Microsoft and Intel fines excessive?  They may be.  Of course, this is irrelevant since the French political reaction will not be pro-Commission.  I suspect that Kroes' days are now numbered if they were not before.