EU Blocks Siemens-Alstom Rail Deal

Commissioner Wesker blocked two major deals involving Alston and Siemens, citing inadequate concessions. Despite political pressure from France and Germany, the EU's antitrust analysis remained unchanged. The EU required clear concessions in signaling and high-speed rail sectors, which were not met. The EU does not currently view China as a competitive threat in the rail industry.

What were the two deals blocked by Commissioner Wesker today?

Why was there significant political pressure on the Alston and Siemens deal?

What specific concessions did the EU want from Siemens and Alstom?

What were the two areas where problems were identified regarding the concessions?

How does the EU view the competition from China in the rail industry?