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.
Germany laughing at France....
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France says EU would be wrong to block Siemens-Alstom dealThe European Commission would be making a mistake if it blocks the merger betwee... So such big boss behavior is embarrassing to all member countries Two EU (French and German) companies who should compete on an equal playing field but don't. The EU does all it can to support both companies. What is wrong with competition and free trade? Searching for for the next cryptocurrencies to invest in 2019? $ONION GetDeepOnion DeepOnion
Source: Reuters - 🏆 2. / 97 Read more »
EU can afford to shunt Siemens-Alstom to a sidingMargrethe Vestager may well block the rail groups’ merger. That would rile German and French politicians yearning for a European champion to face down distant fears of Chinese dominance. But if the antitrust tsar pulls the plug, neither Siemens nor Alstom would suffer too much.
Source: Breakingviews - 🏆 470. / 51 Read more »