Telefonica has long been accused of abusing its market position in Spain by charging other companies excessively high rates to use its lines. EU regulators claimed this has impeded competition and, therefore, hurt consumers.
EU Competition Commissioner Neelie Kroes said, "Telefonica's conduct harmed Spanish consumers, Spanish businesses and the Spanish economy as a whole, and by extension Europe's economy." She claimed that the large size of the fine was necessary as a deterrent and a warning to other companies.
Telefonica has pledged to go to the European Court of Justice to appeal the fine.
I say, "Way to go, Neelie!"
More proof that the Spanish diet is healthy! Probably everyone would agree that a low fat diet is good for you, but could a daily dose of virgin olive oil and walnuts be even better? According to the Prevencion con Dieta Mediterranea (aka, PREDIMED) study, it sure looks that way. The Spanish study of the Mediterranean diet revealed that regular consumption of walnuts and/or virgin olive oil could prevent coronary heart disease (CHD). The first results of the study were published last month in the Archives of Internal Medicine.
The study concluded that there is enough, "evidence to recommend TMD [The Mediterranean Diet] as a useful tool against risk factors for CHD" because "individuals at high cardiovascular risk who improved their diet toward a TMD pattern showed significant reductions in cellular lipid levels and LDL oxidation."
I say, "Way to go, TMD!"