10051. European Union — Takeover Tensions
- Author:
- Caspar Fithin
- Publication Date:
- 05-2001
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- The proposed takeover bids directive may be lost unless the differences between the European Parliament (EP) and the Council of Ministers are resolved by June 6. The ongoing negotiations between the Council and the EP in the conciliation committee may be made more difficult by Germany's recent decision to renege on the Council common position on the directive. The move was received with incomprehension in other EU member states. Germany so far stands alone in its attempt to change the directive. Nevertheless, its decision could give MEPs enough ammunition to avoid a compromise in the conciliation committee, and hence to allow the directive to fail. More importantly, Germany's decision also draws attention to the various level-playing field issues still to be addressed in the area of corporate control through greater harmonisation of company law.
- Topic:
- Government and Politics
- Political Geography:
- Europe and Germany