Foreign Takeovers Need Clarity from Europe
نویسنده
چکیده
likelihood of domestic welfare loss greater when a foreign investor buys a national company? (2) are economic concerns legitimate reasons that could justify interference by member states in the European Commission’s current approach to cross-border mergers? A thorough analysis of the literature suggests that the answer to both questions is no. Granting leeway to member states is unnecessary and potentially harmful, given the increased uncertainty about outcomes. In order to increase transparency and stimulate foreign investment in Europe, the Commission should clarify the parameters of permissible intervention by member states. FOREIGN TAKEOVERS NEED CLARITY FROM EUROPE bruegelpolicybrief ISSUE 2014/07 DECEMBER 2014
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