According to the Financial Times, Paris has called for the biggest shake-up of EU merger rules in 30 years, as it responded to last week’s decision by Brussels to block the partnership between German and French train manufacturers Siemens and Alstom. French Economy Minister Bruno Le Maire, who has expressed anger at the decision by the European Commission to veto the merger, on Tuesday, February 12, called for the creation of “European industrial champions,” reported the FT.
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