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Will the real Mario Monti please stand up?

机译：真正的马里奥·蒙蒂（Mario Monti）请站起来吗？

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It is hard not to cringe when reading the judgment handed down by Europe's Court of First Instance on June 6th. Assessing whether the European Commission was right in 1999 to block the merger of Airtours and First Choice, two British travel agents, the court reached a damning conclusion and couched it in unusually strong language. The commission, it said, had been guilty of "manifest error" and had "exceeded the bounds of its discretion". Verdict: the merger was incorrectly blocked, on the basis of incomplete information and unfair decisions. Many antitrust lawyers could barely conceal their delight at the ruling. It shows, they argue, how flawed Europe's merger regime has become. Despite some good elements, the rules, and the way they are applied, have made life increasingly hard for companies that want to merge. The Air-tours decision should now jolt the commission into far-reaching reforms, says Chris Bright of Shearman & Sterling, an American law firm.
机译：阅读6月6日欧洲初审法院作出的判决时，不容畏缩。法院评估了欧洲委员会在1999年是否阻止两个英国旅行社Airtours和First Choice合并，是一个令人发指的结论，并用非同寻常的措辞加以陈述。它说，该委员会犯有“明显的错误”，并“超出了其酌处权的范围”。结论：由于信息不完整和不公平的决定，合并被错误地阻止。许多反托拉斯律师几乎无法掩饰其裁决的喜悦。他们认为，这表明欧洲的合并制度已经变得多么有缺陷。尽管有一些好的元素，但规则及其应用方式使想要合并的公司的生活变得越来越艰难。美国律师事务所Shearman＆Sterling的克里斯·布赖特（Chris Bright）说，空中旅行的决定现在应该使委员会进行深远的改革。

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