set to look for a coordinated response to oil prices, which reach their highest level since the end of the 1970s. The European Commission is set to ask member states to "carefully" consider "targeted measures" aimed at helping low-income households.Ironic is it not that they should reference the 1970s given that price fixing was popular then and was a completely failure. Should be interesting to see what "solution" they come up with. They could of course just reduce the tax on the stuff.
Sunday, June 15, 2008
Price fixing to return via Brussels?
Have just read a disturbing post by Trixy in which she says Margot Wallström, the European Commissioner, told the leader of UKIP, Nigel Farage, that the the EU was going to solve the oil price by introducing price fixing. A report on EU Observer suggests that the EU are
Posted by dizzy at 6/15/2008 08:08:00 am