EU Antitrust Chief Urges 27 Governments to Back Bank Deals as Germany Resists Commerzbank Bid
Updated
Updated · Bloomberg · Jun 24
EU Antitrust Chief Urges 27 Governments to Back Bank Deals as Germany Resists Commerzbank Bid
1 articles · Updated · Bloomberg · Jun 24
Summary
Teresa Ribera said EU governments should not overuse national-security arguments to block bank mergers that could support economic growth.
Cross-border deals that strengthen the single market “should be welcome,” she told Bloomberg TV, framing consolidation as a policy goal rather than a threat.
Germany’s opposition to UniCredit’s takeover of Commerzbank was the immediate backdrop, highlighting how national resistance can obstruct pan-European banking tie-ups.
The warning underscores Brussels’ push for deeper integration in a fragmented banking sector where domestic political concerns still complicate cross-border mergers.