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Spanish MEP: We Need Google Inc (GOOGL) For Its Innovation

From reading the news that has recently been circulating about Google Inc (NASDAQ:GOOGL)‘s antitrust probe, I would think that there is no hope for the tech giant but to break up. Perhaps the word ‘unbundle’ has cast a deep sore in my eyes. In a remote interview on CNBC, Spanish Member of European Parliament (MEP), Ramon Tremosa, explained why such fears about Google’s future in Europe are inflated a bit out of proportion.

Google Inc (GOOG)

“[…] This is only the last tool, this is only a possibility at the end of a legal procedure, at the end of what is called in Europe, a Statement of Objection, started form the European Commission on negotiations with Google Inc (NASDAQ:GOOGL). So, I am not saying I want to unbundle  Google. No. We need Google with strong benefits to continue improving and innovating. We just say that there is a possibility if Google doesn’t present a new offer which avoids its monopoly, which it has in Europe […],” said Tremosa.

So far, Google Inc (NASDAQ:GOOGL)’s propositions have failed to satisfy European Comission and the investigation has been going for almost 4 years now. Tremosa also shed light on the possibility of handing over a hefty fine to the tech giant, instead of simply ‘unbundling’ it.

However, it is not just about this antitrust probe. Google Inc (NASDAQ:GOOGL) doesn’t have a good reputation with the European lawmakers to begin with, even though they might be heavily reliant on it and ‘need it’ as Tremosa put it.

In an interview on CNBC, Cyrus Mewawalla, director at CM research revealed a variety of issues that the European authorities have with Google Inc (NASDAQ:GOOGL). They include data privacy, since the data that the tech giant has on its users is considered by EU to be its property and not the company’s; data protection, which involves the right to be forgotten; copyrights breach, interfering with Google’s aim to copy all the world’s books; and also the tax avoidance issue.

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