I love it. Europe is quickly falling into the financial crapper of a lifetime, and instead of focusing on ways to revive their economies and develop a central governing body, they are focused on things like this:
EU regulators, investigating Google for alleged anti-competitive behavior, want the internet search giant to offer concessions that cover all platforms, including computers, tablets and mobile devices, two people familiar with the issue said on Friday. What concessions?
If Google is not able to provide satisfactory concessions, it will face charges and potentially severe fines, the EU’s competition commissioner, Joaquin Almunia, has said.
Almunia wants remedies for all computing devices that have access to the Internet and provide a search capability, one of the people said. Remedies? For what? Where’s the damages?
Earlier this month, the world’s most popular search engine proposed concessions in a bid to settle an 18-month long investigation fueled by complaints from rivals including Microsoft. Neither Google nor the EU have said what those concessions were. Ahh, yes.
The European Commission is now examining the offer. The EU watchdog has said Google may unfairly favor other Google services over rivals and may have copied material from other websites, such as travel and restaurant reviews without permission. Then sue them.
It is also concerned that Google’s advertising deals may exclude third parties from concluding similar deals with rivals while contractual restrictions on software developers may prevent advertisers from transferring their online campaigns to rival search engines. And, what? Google should be punished for making a good deal with advertisers? These people ARE crazy.
This smells to me like a complete red herring and a way for Europe to extort some sheckles from the Googs to help with their sovereign defaults. Don’t give in, Googs. This one will go away.
iPeopleFINANCE 