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EU Court Rules Hungary's State Monopoly Over Mobile Payments Is Illegal (reuters.com)
Hungarian state's monopoly over national mobile payment services has been ruled illegal by the European Court of Justice. "The ruling would require the end of exclusive control over Hungarian mobile payments exercised since July 2014 by state-owned firm Nemzeti Mobilfizetesi Zrt," reports Reuters. "This exclusive operation 'is contrary to EU law,' the bloc's top court said in a statement."
"Even if the services provided under that system constitute services of general economic interest, their supply cannot be reserved to a state monopoly," the court added.
"Even if the services provided under that system constitute services of general economic interest, their supply cannot be reserved to a state monopoly," the court added.
Banks are sovereign, and they own the EU. The member states of the EU are no longer sovereign.
No you slobbering illiberal twit. Did you even read summary? You just saw EU and hurr hurr brexit.
What kind of mental fucking gymnastics do you have to pull to think a state controlled monopoly on mobile payments is a good idea? In what dimension, what reality would this be a good plan? And it's not even a state monopoly. It's the state taking kickbacks from some oligarch to be handed control of a lucrative industry.
It's this kind of fucking nonsense that the EU was expressly designed to fix. Hungary wants the benefits of the EU? They adopt policies that are not fucking for terrible the country and member countries.
Because it's not just Hungary that's hurt by this god-awful policy. It's everyone who does business with people in the Hungary.
Here again the EU court of justice pushes its agenda about free market obsession. And since EU institutions do not have a real legislator, this landmark ruling will be law unless all member states agree to overturn it.
You people are all so fucking stupid, it's depressing.
The EU is a club. It costs money to join, there are rules to follow, and there are benefits of membership, like frictionless access to a market of several hundred million people. With the exception of the money, this is no different from every international agreement between two or more countries. If Hungary wants to have airlines flying into its airports and through its airspace, then it must agree to be bound by the various treaties that govern international aviation, which also impose onerous requirements on what it can and cannot do.
You people getting your knickers in a twist over sovereignty are the epitome of Randian stupidity. And like the Randians, what's particularly galling is that you actually think you're bright.