Keep Politics Out of Europe’s Competition Decisions
Following the European Commission’s recent rejection of the proposed Alstom-Siemens rail merger, France and Germany want to rewrite EU merger rules and give member states more say over proposed tie-ups. But although this approach may seem tempting, Europe would be wise to keep such decisions free from political influence.
TOULOUSE – The European Commission’s decision last month to block the proposed rail-industry merger between Alstom and Siemens was clearly a blow for the two companies. It was also a major setback for the French and German governments, which had strongly supported the deal.