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Europe Daily Bulletin No. 7752

6 July 2000
GENERAL NEWS / (eu) eu/internal market
Commission takes "special powers" that Spanish State retains in privatized companies before the Court of Justice

Brussels, 05/07/2000 (Agence Europe) - On Wednesday, the European Commission decided to take Spain before the Court of Justice as it claims that its legislation on investments in privatized companies is an obstacle to the free movement of capital and the right of establishment. This decision came at a time when the Vice-President of the European Executive, the Spanish Commissioner Loyola de Palacio, had asked for a postponement and for a general debate to be held on the issue of "golden...

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