Germany and France may seize the moment to try to water down competition rules permanently
two here, a giant government cheque there: the money doled out by European governments to support businesses is starting to add up. Some €2trn or so has been earmarked to keep firms afloat. The early beneficiaries included bakeries, bookshops and the like. Now it is increasingly the turn of corporate titans. This week France announced an €8bn package to support its carmakers, including a large loan to Renault.
The rules have been quietly shelved as Europe grapples with covid-19. Giving governments a temporary reprieve was unavoidable as national exchequers battle to stave off depression. But it also carries long-term dangers. Even before the crisis, France and Germany railed against European rulings that they say prevented the creation of corporate champions able to compete with rivals from China and America. Now they may seize the moment to try to water down competition rules permanently.
How to ensure that the necessary evil of bail-outs does not cripple the single market? They should be tolerated only when all other options have been exhausted. In America even cruise-liners—a challenged business model if ever there was one—have raised bonds and found new shareholders. Europe has shallower capital markets, but plenty of investors with money to spend.EU
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Treasury yields rise as Wall Street looks to hold onto May's gainsU.S. government debt prices prices were lower Monday morning as investors awaited direction following two consecutive months of stock market gains.
続きを読む »
Christian Siriano Has Donated Almost 100,000 MasksThe designer and his team donated every single one.
続きを読む »
Stock market crash: Current rally is a trap, says one market legend - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
続きを読む »
U.S. Stocks Are Outpacing the Rest of the WorldThe percentage of fund managers who deem U.S. stocks attractive has risen to the highest level in nearly five years, according to a recent survey
続きを読む »
The ’Non Essential’ Business Owners Who Went UndergroundMany small businesses in Los Angeles refused to close after the county's mid-March “Safer at Home“ order. What it’s like to run a shadow business in the era of Covid-19:
続きを読む »