France slams EU veto of Alstom-Siemens rail merger

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When it was announced last year, the merger was hailed as the birth of an industry giant that would compete with a formidable Chinese rival.

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France’s government said on Wednesday that the European Union's veto of a plan to merge French and German rail companies Alstom and Siemens into one industry giant was a mistake that would give China the edge on the world market, reports RFI.