EUbusiness - EU antitrust chief seeks deeper cooperation with US in anti-cartel action

"EUbusiness - EU antitrust chief seeks deeper cooperation with US in anti-cartel action: "EU competition commissioner Neelie Kroes said Thursday she was seeking deeper cooperation with her US counterparts in anti-cartel enforcement.

"In a prepared speech to a competition lawyers' conference in Brussels, she said: 'I have asked my services to explore with their American counterparts the scope for a second generation agreement allowing for a deeper degree of cooperation in the field of cartels.'" [EUBusiness]

She said divergent standards between competition regimes raised costs, generated red tape and created legal insecurity for multinational companies."