The EU risks opening a “Pandora’s box” by loosening its merger rules, Brussels’ outgoing competition chief has warned, after her successor was appointed with a brief to be “more supportive of companies scaling up”.
Margrethe Vestager, a free market champion, hit back at calls for a wholesale overhaul of the EU’s merger regulations, amid rising pressure from France and Germany to help spur the emergence of “European champions”.
“The problem with [opening a] Pandora’s box is that you cannot really close it again, and that creates a lot of uncertainty,” she said in an interview with the Financial Times.
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