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Just as damaging, price competition in the business long-distance market has become ruinous.
Damaging price competition makes little sense.The deeper form of code-sharing is a merger in all but name.
Mr. Winzer said a sale of E-Plus to Telefónica could reduce the damaging price competition in the German market, which has stymied the growth of both carriers.
Ideally there would also be ceiling price at the top end to prevent damaging price spikes which can cause economic damage while doing nothing to encourage long-term investment.
The exploitation of shale oil and gas may mitigate damaging price fluctuations in future but it will be terrible news for the environment and is not a longer term solution to the world's energy needs, said the report co-written by Sir David King, published on Tuesday.
Richard Allen of Ravas, a tax fairness campaign group which represents UK small traders, said: "The systematic abuse of the VAT system results in damaging price distortions that drive legitimate UK businesses to the wall, and workers out of their jobs".
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This configuration leaves WMB vulnerable to potentially damaging price-target cuts or ratings downgrades.
Arguably most important of all, the labour market is now much more flexible than it was in the 1970s, when higher oil prices instigated a damaging wage-price spiral.The economy may have become more resilient for these reasons, but oil retains the power to disrupt.
"The risk of a damaging house price correction at some point in the next few years is growing".
There is more than enough room within that framework for very damaging oil price spikes if the timing doesn't work out right.Expected total supply relative to expected total demand is only one factor at work in oil markets.
Also crucially, ongoing muted pay fuels belief that a damaging wages-prices upward spiral will develop, and supports the view that consumer price inflation will fall back markedly once the upward pressures from VAT changes, higher oil and commodity prices, and sterling's past weakness, wane.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com