摘要：M&As across european borders is a key problem pending in the European Union. Europa has an industrial structure that is too fragmented along nacional borders and that requires consolidation to reach the suffficient integration to compete in globalr markets. However, this process of consolidation in European business has proven very difficult. The necessary improvements in the existing legal framework will not be made in the next decade. As a result, financial markets respond negatively to announcements of international M&A transactions involving european firms.
其他摘要：M&As across european borders is a key problem pending in the European Union. Europa has an industrial structure that is too fragmented along nacional borders and that requires consolidation to reach the suffficient integration to compete in globalr markets. However, this process of consolidation in European business has proven very difficult. The necessary improvements in the existing legal framework will not be made in the next decade. As a result, financial markets respond negatively to announcements of international M&A transactions involving european firms.
