Home » today » World » Kyriakos… “Anti-capitalist”: “Expensive Ursula, the multinationals elevate the costs of the merchandise” – 2024-05-20 09:49:49

Kyriakos… “Anti-capitalist”: “Expensive Ursula, the multinationals elevate the costs of the merchandise” – 2024-05-20 09:49:49

Prime Minister Kyriakos Mitsotakis despatched a letter to Fee President Ursula von der Leyen at present, with the intention to current his proposals for decreasing costs.

In an try to point out that he understands the intense downside skilled by Greek residents and with the letter addressed extra to the interior viewers stricken by accuracy, and fewer to its recipient, Kyriakos Mitsotakis makes an attempt as soon as once more to point out that the his authorities has no accountability for the excessive costs of merchandise in Greece and to spotlight the issue as “European”.

“The continuing acute inflationary disaster, affecting the entire of the European Continent, has highlighted important and long-term issues within the operation of markets for primary client merchandise which have led to the creation of great challenges for shoppers, and particularly for these with decrease buying energy. One of the vital vital points that concern the Greek market, but additionally the markets of different member states such because the Netherlands, Belgium, Croatia, the Czech Republic, Denmark, Luxembourg and Slovakia, are the unreasonably excessive costs at which they’re bought branded client staples of multinational corporations in comparison with different European Union nations,” the letter states.

On this context, the letter closes with 4… cold proposals from Mitsotakis to the president of the Fee, with the intention to include the worth rally. After all, the proposals don’t embody penalties towards companies, however are restricted to administrative-type measures, but additionally “facilitation” of competitors, equivalent to for instance the proposal to “take away language restrictions on the labeling of primary client merchandise”.

The proposals of Kyriakos Mitsotakis are as follows:

● Enrichment of EU legislation on the safety of competitors with provisions that present new instruments and powers to the nationwide competitors authorities and in addition to the European Fee to cope with unjustified TSCs,

● Prohibition of unfair industrial practices in relations between suppliers and retailers primarily based on discrimination between retailers based on their place of multinational and the nationwide market they serve and particularly practices that forestall parallel commerce and cross-border passive gross sales;

● Eradicating language restrictions on the labeling of client staples, the place they aren’t completely needed, in order to not impede arbitrage by means of parallel commerce or the exploration of the professionals and cons of multilingual digital labeling of client staples.

● Stopping the coverage of sure multinational corporations to market the identical or comparable client merchandise underneath totally different manufacturers in numerous Member States so as to have the ability to apply differential pricing relying on the dominant place or market share they’ve achieved in every nation.”

The whole Mitsotakis letter to Ursula von der Leyen reads as follows:

“Expensive President of the European Fee,

Expensive Ursula,

With this letter I want to spotlight the necessity for the additional deepening of the European Single Market within the politically essential subject of defending shoppers and their incomes.

The latest inflationary disaster, which led to a big erosion of the buying energy of European residents, highlighted each the uneven energy that multinational giants have when it comes to the differentiated pricing coverage they observe vis-à-vis particular person member states, in addition to the underutilized collective energy of our union.

That’s the reason it’s politically essential, in view of the upcoming European elections, for the EU to display that it cannot solely prioritize and set the correct priorities primarily based on the issues that concern European societies – and accuracy is undoubtedly one in every of them – but additionally to intervene decisively, shortly and successfully to resolve them.

We will take even bolder steps to make the one market work with extra competitors and transparency in favor of shoppers. Solely on this method will the residents of the Union, whatever the nation the place they reside, be capable to benefit from the outcomes of the bold joint European undertaking for a Europe impressed by the ideas of collectivity, inclusiveness, social cohesion and the widespread pursuit of enhancing way of life of its residents.

The continuing acute inflationary disaster, affecting the entire of the European Continent, has highlighted important and long-term issues within the operation of markets for primary client merchandise which have led to the creation of great challenges for shoppers, and particularly for these with decrease buying energy.

One of the vital vital points that concern the Greek market, but additionally the markets of different member states such because the Netherlands, Belgium, Croatia, the Czech Republic, Denmark, Luxembourg and Slovakia, are the unreasonably excessive costs at which they’re bought branded primary client merchandise of multinational corporations in comparison with different European Union nations.

One of many important causes that trigger this undesirable state of affairs is the Geographical Provide Constraints (Territorial Provide Constraints – TSCs) imposed by massive multinational corporations between the markets of the member states of the European Union with the intention to make the most of the dominant place they’ve within the markets, primarily, the smallest of them. The results of this apply is the creation of great variations within the promoting costs of primary client merchandise that aren’t justified by goal elements or the typical revenue stage of the residents of the member states.

I consider that these variations undermine European residents’ confidence within the Single Market and stop them from having fun with the advantages of its continued integration into their each day lives. On this context, I suggest the adoption of laws, on the stage of the European Union, to successfully cope with the coverage of Geographic Provide Restrictions (TSC) the place it isn’t justified by goal elements that promote the well-being of our societies.

Particularly, it’s essential to handle the efforts of some MNCs to fragment the Single Market into geographically remoted markets by introducing obstacles to competitors, parallel imports and the power of outlets to make the most of arbitrage alternatives. ) that may successfully easy out the worth variations between the buyer markets of the member states.

On this context we suggest:

● The enrichment of EU legislation on competitors safety with provisions that present new instruments and powers to nationwide competitors authorities in addition to to the European Fee to cope with unjustified TSCs,

● The prohibition of unfair industrial practices in relations between suppliers and retailers primarily based on the discrimination between retailers based on their place of multinational and the nationwide market they serve and particularly practices that forestall parallel commerce and cross-border passive gross sales,

● Eradicating language restrictions on the labeling of client staples, the place they aren’t completely needed, so as to not impede arbitrage by means of parallel commerce or exploring the professionals and cons of multilingual digital labeling of client staples.

● Stopping the coverage of sure multinational corporations to market the identical or comparable client merchandise underneath totally different manufacturers in numerous Member States so as to have the ability to apply differential pricing relying on the dominant place or market share they’ve achieved in every nation.”


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