(MULTI) – IATE term of the week: price-fixing | TermCoord


The record fines imposed by the European Commission inspired us in picking this week’s IATE term. The European Union’s antitrust chief imposed a 2.9 billion euro, or $3.2 billion, fine on a group of truck makers for price-fixing and imposing a system aimed at delaying the installation of pollution-curbing exhaust pipes and engines.

It is a record fine, but it is not the only one. Fines in the European Union for organizing cartels have risen in recent years. From 1990 to 1994, the Commission imposed fines on cartels totalling €540 million, while …

via: Terminology Coordination Unit [DGTRAD] – European Parliament

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