: :inin Kyiv (EET)

Germany promotes champions as EU moves to kill Railbus

BERLIN — As in comedy, timing is everything in European politics.
Only a day before the European Commission is expected to shoot down a landmark rail merger between France’s Alstom and Germany’s Siemens, German Economy Minister Peter Altmaier on Tuesday laid out a new plan for Europe to switch course and prioritize the formation of European champions.
Altmaier’s “National Industrial Strategy 2030” comes as part of broader Franco-German moves to build up their manufacturing muscle in everything from electric cars to space launchers in an effort to counter the rise of China.
Most critically, France and Germany worry that antitrust regulators in Brussels …read more

Source: European Voice

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