It was reported from Germany that German Chancellor Angela Merkel called French President François Hollande to end the deal. Ms. Merkel told Mr. Hollande that Germany believed the deal's negatives outweighed its benefits for her country, and that she couldn't support it.
While visionary, the proposal was based on sound industrial logic that would have delivered real synergies and cost savings, and increased competitiveness for all involved. Opposition from some investors notwithstanding, a merger offered the best chance to create a truly integrated European aerospace company combining the world’s leading commercial aircraft company – the EADS subsidiary Airbus – with the continent’s biggest defense group, BAE.
EU-Digest
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