European Union: Decline and fall
The EU takeover bids directive has so far engendered sometimes bitter argument and protracted discussions, but little or no progress. Vincent Brophy examines what seems to be holding things up
Someone, somewhere probably once said that the aim of argument should not be victory, but progress. Unfortunately the draft European Union (EU) takeover bids directive has engendered sometimes bitter argument and protracted discussions, but little or no progress. The European Commission’s (EC’s) draft has still not found agreement among the member states in Council. The prospect of them advancing the key issues in the near future now seem bleak.
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