EU Reevaluates Competition Policy Amid Global Market Challenges

The European Union appears to be re-evaluating its approach toward competition policy. A forthcoming draft law, slated for release at the end of the month, is designed to simplify compliance with existing EU rules for numerous businesses. This development follows a contentious decision by the European Commission in 2019, when it blocked a merger between Germany’s Siemens and France’s Alstom intended to create a major railway entity. Critics from France and Germany argued that the merger could have strengthened the companies against global competitors, particularly China’s CRRC. For more insights, the full text about the EU’s evolving stance is available here.