Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain to backtrack on merged regulators proposal

Wed 27th Feb 2013
Spain to backtrack on merged regulators proposal

The Central government of Spain has confirmed that they will amend a draft to the bill that created a single regulatory body to oversee the Energy, Antitrust and Telecoms sectors.

The original draft allowed for a merger of each of the separate entities by mid-2013, however this brought the threat of sanctions being imposed by the European Commission if the bill was implemented in its current form.

Earlier this month EC Vice-President, Neelie Kroes wrote to Spain's minister of industry, energy and tourism, Jose Manuel Soria, in complaint over the government's plan to merge the three current regulators in a bid to reduce costs.

However, the EC has expressed concern that a lack of independence for key regulators could harm the interests of consumers.

It is believed that Soria met with Kroes at the Barcelona Mobile World Congress yesterday to confirm the amendments to the bill, which according to the minister, allows for "a clear separation of functions between the defense of competition and the regulators for the energy and telecommunications sectors.".

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs