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Competition Commissioner Joaquín Almunia was responding to comments made earlier this week by German’s Economy Minister Sigmar Gabriel, who said Google may have such a dominant market position that a break-up had to be “seriously considered.” Existing competition law was not powerful enough to split up the business, Almunia said.
The California-based company may yet face a separate antitrust investigation to the one ongoing since November 2012. Open Internet Project, a group of 400 European digital market members, made a different complaint (here) on Friday.
The complaint was being looked into, Almunia said during a press conference to announce that HSBC, JP Morgan Chase and Credit Agricole were being charged with rigging bank benchmark rates (here).
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