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Revamping EU merger rules is not a cure-all
FT社评:改革欧盟并购规则并非万能良方

A bigger priority is completing the single market and streamlining corporate law
更紧要的任务是完善单一市场,并精简公司法。

Where is Europe’s Google or Tesla, its Alibaba or BYD? Amid the angst over the continent’s failure in recent decades to give birth to corporate world-beaters, a finger is often pointed at the EU’s rigorous merger rules. In his 2024 report on reviving competitiveness, former European Central Bank president Mario Draghi argued — among many other ideas — that EU competition policy should take more account of the need to stimulate innovation and create businesses able to compete globally. As the FT has reported, Brussels is now planning its biggest shake-up of its merger code for decades. But competition policy can only do so much.

欧洲的谷歌(Google)或特斯拉(Tesla)、阿里巴巴(Alibaba)或比亚迪(BYD)在哪里?在对欧洲近几十年来未能孕育出manbetx app苹果 领先企业的焦虑中,人们常把矛头指向欧盟严格的并购规则。在其2024年关于重振竞争力的报告中,欧洲央行(ECB)前行长马里奥•德拉吉(Mario Draghi)提出诸多建议,其中包括欧盟的竞争政策应更多考虑激励创新与打造具备manbetx app苹果 竞争力企业的必要性。正如英国《金融时报》报道的那样,布鲁塞尔方面正计划对其并购规则进行数十年来力度最大的一次改革。不过,竞争政策的作用终究有限。

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