Germany's antitrust chief slams EU plan to ease merger rules as risky
Tomaso Duso, head of Germany’s Monopolies Commission, has criticised the European Commission’s plans to loosen merger rules. In an interview with Redaktionsnetzwerk Deutschland, he warned that such changes could harm competition and consumers without clear benefits. Duso challenged the idea that future mergers should be approved more easily based on promised cost savings. He argued that these savings rarely translate into lower prices for consumers. Instead, they often result in job losses and reduced competition.
He also dismissed claims that Europe needs mega-mergers to create globally competitive firms. According to Duso, there is no solid evidence to support this argument. As an example, he cited the blocked Siemens-Alstom merger, which he said proved that strong competition within Europe boosts international competitiveness. Duso further warned that allowing a few corporate giants to dominate would stifle long-term innovation. It would also create new economic dependencies, weakening the market. He demanded that companies provide verifiable proof that any gains from mergers would actually reach consumers before approvals are granted.
The Monopolies Commission chair’s remarks highlight concerns over the potential consequences of relaxed merger rules. Without clear consumer benefits, he argues, such changes risk reducing competition and harming innovation in the long run.
Read also:
- India's Agriculture Minister Reviews Sector Progress Amid Heavy Rains, Crop Areas Up
- Cyprus, Kuwait Strengthen Strategic Partnership with Upcoming Ministerial Meeting
- Inspired & Paddy Power Extend Virtual Sports Partnership for UK & Ireland Retail
- South West & South East England: Check & Object to Lorry Operator Licensing Now
