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Europe Daily Bulletin No. 8291

6 September 2002
Contents Publication in full By article 40 / 54
GENERAL NEWS / (eu) eu/competition
Austrian banks appeal against Commission sanctions

Brussels, 05/09/2002 (Agence Europe) - The eight Austrian banks that were fined by the Commission in June for price fixing, have appealed to the European Court of Justice in Luxembourg against the decision. Raiffeisen Zentralbank, one of the banks that were sanctioned said that, "The Commission had not taken into account the fact that the agreement did not have any impact on the competitiveness of the Austrian market". The banks have also criticised the total amount of fines (EUR 124.26...

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THE DAY IN POLITICS
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ECONOMIC INTERPENETRATION