On Wednesday 17 June the European Commission adopted a working document, or White Paper, on Foreign Subsidies in the Single Market (https://bit.ly/2Ya2zVt). An initiative that aims above all to control Chinese financing in its internal market.
“The level playing field in the Single Market is at the heart of this initiative”, Internal Market Commissioner Thierry Breton stressed when presenting the initiative to the press.
The initiative is also intended to prevent hostile takeovers with...