Siemens-Alstom Welcome to Reconsider Deal Structure, EU's Vestager Says

Siemens-Alstom Welcome to Reconsider Deal Structure, EU's Vestager Says

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Business, Social Studies

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Hard

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The transcript discusses the rejection of a merger between Siemens and Alstom due to competition concerns, despite support from France and Germany. It addresses the perceived threat from Chinese companies and emphasizes the importance of fair competition in Europe. The decision faced political scrutiny, but was based on factual evidence. The possibility of revisiting the deal is open if concerns are addressed. The speaker expresses a desire to continue as Commissioner of Competition, focusing on digitalization and market influence.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the two main reasons for rejecting the proposal mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How do competition concerns relate to the merger discussed in the text?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the Chinese competition in the context of the European market?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the remaining issues that the companies chose not to solve?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker suggest about the possibility of revisiting the decision on the merger?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does the speaker see for themselves in the future of European competition policy?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does the speaker believe competition rules should be changed?

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