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The changing role of the European company

By PS Manley

Abstract

The European Company was originally perceived as a means of encouraging the concentration of companies within the EEC to form enterprises of 'European' dimensions. However, with recent changes in Community attitudes towards the desirability of concentration, the reluctance of national governments to allow freedom of movement in some important areas of industrial activity and a feeling of frustration in the Commission that progress in related areas of industrial policy is slow or non-existent, a significant change in emphasis in the role of the European Company can be detected.

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