The European Parliament has voted overwhelmingly in favour of introducing legislation to speed up the process of Local Loop Unbundling (LLU) in Europe.

The new legal framework - widely tipped to be carried - only needs the go-ahead from the member Governments of the European Union to become law.

Although the new regulation could still fail at this point, many see this final phase as a mere rubber stamping exercise.

So, we can all rejoice that Europe's taken a positive step forward towards greater competition in the telecoms industry.

Now, anyone fancy trying to rescue Europe's miserable excuse for a single currency? ®

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