France\, Germany propose shake-up of EU competition rules

France, Germany propose shake-up of EU competition rules

Reuters  |  BERLIN 

(Reuters) - and have put forward plans for reforming EU competition rules to encourage the emergence of European industrial giants, French Miniser said on Tuesday.

"It's the first time that and put forward proposals to transform EU competition rules," Le said after a meeting in with German where they agreed a joint manifesto for a new European industrial policy.

"We have powerful, modern technologies and we don't want them to serve other continents than ours,"

Le also said that and hoped to get state aid approval for a new joint battery initiative before April 1.

(Reporting by Leigh Thomas; editing by Michel Rose)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 19 2019. 19:22 IST