IP Convergence: Beyond VoIP, Beyond Cost Savings

Granting the EC veto power over NRA actions is a positive development because it creates a process whereby unjust NRA actions could be quickly overturned.  It also allows the EC to achieve their goal of a unified market by overturning deviant NRA rulings. 

As for pan-European operations, Europe is a more hospitable market than the U.S.  Europe has eliminated licensing requirements, they don't have tariff requirements, they don't have artificially high "access charges" and they have unified rates for call termination, they have an aggressive champion for competition and are experimenting with functional separation.  All of these developments create a market more accomodating of competition.  Of course there are still country-specific rules and practices which must be adhered to, but I do not think it is necessary or desirable to expect all of Europe to be uniform.  Each local market is different so it makes sense to have different regulations - within a reasonable range - and I think the veto power gives the EC the tools it needs to establish the reasonable range.