Few tears shed by French workers after Macron's Alstom dream is blocked

After four decades on the production line at French trainmaker Alstom, Claude Ge...

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French minister says EU rejects Alstom, Siemens mergerPARIS (AP) — European Union authorities have decided to reject a merger between the rail activities of France's Alstom and Germany's Siemens, the French finance minister said Wednesday. Bruno Le Maire said on France 2 television that he considers the decision to be 'an economic mistake.' The veto on the merger is expected to be formally announced by the EU's competition commissioner later in the day. Le Maire said the ruling will block the creation of a European rail giant that could have competed with Chinese giant CRRC. 'It's going to serve China's economic and industrial interests,' he said.
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French minister blasts EU decision to block Alstom-Siemens merger in face of Chinese competitionFrance's finance minister expressed his disappointment at a recent EU decision to block a major rail merger, calling for competition rules to be changed to enable European firms to become stronger on the global stage.
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EU blocks plan for Alstom-Siemens rail mergerThe European Union blocked the rail deal between Alstom and Siemens on Wednesday, citing competition concerns.
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