The European Commission killed off a highly anticipated Siemens-Alstom merger on February 6 and effectively nixed a FrancoGerman partnership that promised to deliver an “Airbus on Rails” business model for what would have been one of the industries’ largest companies.
The decision has significant policy implications as it sends a clear signal that the prerogative of maintaining European dominance over a specific manufacturing sector does not justify the emergence of monopolies. Following this ...
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