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Transcripts for CNN CNN Newsroom Live 20150626 07:02:00

alternative that allows just about anybody with a driver s license and car to become their own transport captain and become a competitor for the taxis. that s really what the taxis are most angry about. george in. let s talk a bit about that. taxis deal with a wide range of regulations. they complain that uber drivers don t. well exactly. the taxi drivers have to have a license and similar to the license in the united states. they have to have an authorization from the government. the authorization is free from the government. but because there is a limited supply there is a market developed and to have a taxi cost between 200 and 250,000 euros. a considerable amount of money that has to be paid back over the life of the driver. they do face that. they also face a lot of serious regulations as far as chauffeur

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