EU Wants Power To Block China's Tech Buying

itwbennett writes "In an interview with German daily paper Handelsblatt, the EU's industry commissioner, Antonio Tajani, said he wants the power to block China from buying up European tech companies. Tajani envisions an authority along the same lines as the United States' Committee on Foreign Investment and would determine 'if the acquisition (of a company) with European know-how by a private or public foreign company represented a danger or not.'"

Comments

And Europe is becoming too stupid

[siddesu]

It is really hard to believe what kind of crap becomes policy courtesy of the European Commission these days.

It is even funnier when you consider that the EC is basically very close to the Chinese Politburo -- the Commission is neither elected by the people whose money it liberally wastes, nor effectively accountable to anyone, but the backroom dealers in Europe.

It is a sham and a shame.

Re:China is becoming too powerful

[WindBourne]

So, perhaps the west should consider giving up everything to North Korea, Somilia, Al Qaeda, and Venezuela as well. After all, they all have a lots of improvised individuals in these places as well.