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Senators Ask EC To Let Oracle-Sun Deal Go Through
An anonymous reader writes "The European Union has managed to do something that US Presidents often find difficult: to make 59 US Senators from both sides of the aisle agree on something. A group led by John Kerry (D) and Orrin Hatch (R) has sent a letter to the European Union, asking it to wrap up the investigation of the Oracle-Sun merger and let the deal go through. Interestingly, the letter emphasizes the damage the delay and uncertainty are doing to Sun." The article paraphrases a Gartner analyst, who points out that the Senators' letter "comes from a US point of view and doesn't take into account how the EU operates."
That is true.
But basically the United States don't get competition law at all.
From an ordoeconomical perspective the justified elementary function of governmental intervention is to enforce market competition. Competition of course also benefits the procurement side (consumers) but that is a side effect. There also may be some cases where there is too much competition but that is a fringe case.
Competition law creates a free market, a "free competitive market". In ideal terms there should be no market entrance barriers.
The other aspect is of course that it is not upon US parliamentarians to interfere into the internal matters of the European Union, that is our market rules. I find that extremely unprofessional lobbying.