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EU merger reform is no sane answer to search for 'European champions,' competition official says

By Nicholas Hirst ( July 1, 2020, 15:36 GMT | Insight) -- Relaxing EU merger rules is not the way to create more "European champions" that are able to better compete at a global scale, the bloc's top competition official said today. Olivier Guersent’s remarks offer a tough restatement of the long-standing line adopted by the EU’s competition services and show that it hasn't changed, despite a raft of new initiatives designed to level the global playing field.Relaxing EU merger rules is not the way to create more "European champions" that are able to better compete at a global scale, the bloc's top competition official said today....

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