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EU must approve Siemens/Alstom deal, says French finance ministerThe European Union must approve the tie-up between Germany's Siemens and Fr... Germany laughing at France.... Merger and acquisition reduces competition and strengthen monopoly. In effect its counterproductive and harmful to innovation and creativity. If Alstom and Siemens wants to compete with others, hey should compete on price, quality and delivery, not collude to undermine industry.
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