On Wednesday, April 27, the European Commission took a historic step by finally triggering the Rule of Law Mechanism against Hungary which could result in the country losing its access to EU funds.
On Wednesday, February 16, 2022, the ECJ finally rejected Hungary’s and Poland’s legal challenge, thereby paving the way for the European Commission to withhold EU funds on the grounds of erosion of the rule of law in member states. The Court’s decision allows the EU to take action against member states violating the rule of law, one of the bloc’s core principles.
In recent years, preserving the single market through competition rules has come to the fore due to increasing foreign competition. In the context of merger control, the planned takeover of the French firm Alstom by the German company Siemens has given rise to a debate. The European Commission’s prohibition of the merger raised two particular questions this analysis seeks to answer while looking at proposed amendments to the merger rules.