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Explainer: Germany, France face hurdles in push to rewrite EU antitrust rules

Reuters  |  BRUSSELS/BERLIN/PARIS 

By Foo Yun Chee, Andreas Rinke and Leigh ThomasBRUSSELS/BERLIN/PARIS (Reuters) - Germany and France want to overhaul EU mergers rules following the European Commission's veto of efforts by Siemens and Alstom to create a European rail champion to compete with larger foreign rivals.This is why they want change, and the hurdles ahead:WHAT FRANCE WANTSThe French want a broader definition of relevant markets, recognition that markets are not set in stone but evolve quickly, and powers for EU ministers to override a Commission decision.Finance Minister Bruno Le Maire says this broader approach ...

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First Published: Fri, February 08 2019. 21:35 IST
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