Tech Firms Blast EC President Barroso
Seven leaders of big-hitting electronics firms say their confidence is shaken in European Commission president Jose Manuel Barroso, after Brussels late last year buried reforms of the EU internet download market. "Industry's confidence has been shaken by the sudden withdrawal of the proposed reforms, we look to you personally to lead the way forward," the lobby of CEOs, chairmen and corporate presidents said in a 12 February letter addressed to the commission chief.
The broadside was signed by EU firms Nokia and Philips, US companies Hewlett-Packard, Dell and Intel as well as Japanese giants Matsushita and Sony. Collectively, the seven companies have sales of some €320 billion a year - three times the EU's annual budget. EU-Digest comment: the fact that the Tech Firms sales figures are 3x those of the EU's annual budget still does not give them the liberty to control decisions by the EU which are in the interest of the tax payers.
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