Franco-German Manifesto on a European Industrial Strategy – Is a Change to the Competition Regulatory Framework Required?

    View Author March 2019

    Following the European Commission’s announcement of its decision to prohibit an acquisition, despite political pressure to permit the transaction from France and Germany, France and Germany were quick to state that “there is an increasing awareness that a reform is necessary” and set out proposals to change the EU competition merger framework.

    On 19 February 2019, these proposals were further bolstered by the publishing of a “Franco-German Manifesto for a European industrial policy fit for the 21st Century” (Manifesto), which sets out three pillars for the future of European Industrial strategy, including, as the second pillar, the need to “adapt our regulatory framework”.