February 11, 2019 / 2:23 PM / 11 days ago

France, Germany to propose EU competition policy changes after Alstom-Siemens case

FILE PHOTO: French High Speed Train (TGV) made by French train maker Alstom stops next to a German High Speed Train (ICE) made by Siemens at Munich's railway station June 16, 2014. REUTERS/Lukas Barth/File Photo

BRUSSELS (Reuters) - France and Germany will propose changes to the European Union’s competition policy after the European Commission, the EU competition watchdog, blocked a merger of the rail units of Siemens and Alstom.

“It is necessary to reform the EU competition policy. It’s urgent. It’s part of the proposals I will make with my German counterpart Olaf Scholz in the coming weeks,” French Finance Minister Bruno Le Maire told reporters on Monday.

Reporting By Francesco Guarascio, writing by Jan Strupczewski; editing by Philip Blenkinsop

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