Translation of "Domaine extrême d'une grandeur d'influence " (French → English) :

1. Wishes to compliment the European Commission on its communication, which demonstrates a broad and complete analysis and includes sensible proposals, but considers that there is a need for a clearer and unambigous formulation of the political aims and principles underlying the further development of the European telecommunications market and a further consideration of a number of themes, such as the concept of competition, the question of dealing with an imperfect market, the proposed system of Significant Market Power and Dominant Positions, general authorisation and auctions, and the institutional framework with respect to the democratic basis and certainty for market players; considers that the Commission should promote the creation o ...[+++]f a level playing field in relation to the three objectives of the 1999 Review and stresses that, in some Member States, no auctions of UMTS frequencies are held, as a result of which some ICT companies obtain UMTS frequencies at far lower prices than their competitors; points out that this does not create a level playing field; observes that the influence of governments on national ICT companies is regulated in very different ways (e.g. by means of minority holdings or golden shares) and that this has constituted an obstacle to mergers between European ICT companies; calls on the Commission to create a level playing field in this respect too;

2. The Principal Challenges Today's world is very different from the one in which the Bretton Woods institutions were created The global economy is more integrated and, as a result, all countries have a much greater stake in developments outside their borders World trade has grown steadily, and direct and portfolio investment flows have increased sharply in recent years Capital market liberalisation, technological change, and financial innovation have transformed the global financial landscape -- with great benefits, but also new risks There is a much greater consensus on the role of the market, economic incentives, and open policies, an ...[+++]d much less faith in dirigiste solutions to economic problems A variety of new global challenges have emerged in areas such as environmental stewardship and the importance of good governance The influence of developing countries in the world economy is growing, yet, a large portion of the world' s population still live in extraordinary poverty The imperative of continued transition in the countries of Central and Eastern Europe, the former Soviet Union, and elsewhere remains clear.