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Juncker: EU’s Not Blind, Stupid, Stubborn on Big Rail Deal

  • The head of the EU commission hits back at critics on deal
  • Alstom CEO admits it’s likely the EU will block the deal
France's Finance Minister Bruno Le Maire Visits An Alstom SA TGV Train Factory
Photographer: Christophe Morin/Bloomberg
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Jean-Claude Juncker hit back at German and French critics of European Union competition policy as his top antitrust official prepares to veto a high-profile rail merger between Siemens AG and Alstom SA.

The president of the European Commission, the EU’s executive arm, said its antitrust approach lets strong companies emerge in Europe. In the almost 30 years since the first European merger rules were put in place, the commission has approved more than 6,000 deals and blocked fewer than 30, he said.