Shocked by the recent rejection of the merger between Alstom and Siemens (see EUROPE 12188), the French Finance Minister, Bruno Le Maire, on Tuesday 12 February, outlined several avenues for reform of European competition law that would encourage the emergence of new European industrial champions capable of competing in global competition.
"Since Airbus, who are the new European industrial champions? [...]It is time to wake up and adapt our competition rules to the 21st century",...