Germany, France Push to Create European Industrial Policy

Germany and France on Tuesday launched a drive to overhaul the European Union's competition rules to facilitate the creation of world-leading companies. They pushed forward a project to create a car battery consortium aimed at catching up with Asian rivals. A German-French "manifesto for a European industrial policy fit for the 21st century" agreed on by the countries' economy ministers reflects worries that the continent risks falling far behind in the development of new technologies such...

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