Brussels admits multinationals’ foul play

European Commission President Ursula von der Leyen acknowledged that there is problem with the pricing policies adopted by multinational companies in the European Union in her reply that was published on Friday to a letter sent by Prime Minister Kyriakos Mitsotakis on this issue before the European Parliament elections on June 6-9.

Von der Leyen said that the European Commission has launched a process to investigate the unfair practices of multinationals, which lead to identical or similar products being sold at different prices within the EU.

In her letter, dated June 28, von der Leyen said that she had instructed the European Commission's services to collect data from all countries so that initiatives may be taken and the EU's legal and regulatory framework can be made stronger. With this data, Brussels will then launch a dialogue with all parties involved, with...