Financial Times FT.com

EU clears way for postal competition

By Andrew Bounds in Luxembourg

Published: October 1 2007 18:29 | Last updated: October 1 2007 18:29

Postal companies should be free to compete for customers across the European Union from 2011 as governments on Monday ended a year-long deadlock over opening the €88bn ($125bn, £61bn) market.

Only Luxembourg opposed the decision, after concerns from France and Italy were addressed. The grand duchy and 10 other countries in the 27-member bloc won the right to delay domestic liberalisation for two years.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this