France, Germany, and Italy have urged the European Commission to better protect EU states from foreign countries seeking to acquire high-end technology.
EU countries can already block foreign investments on national security grounds, but the three countries’ economy ministers said in a joint letter to EU trade commissioner Cecilia Malmstroem that they should also be able to do it for “economic” reasons.
"EU law gives the right to member states to prohibit foreign investments whi...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.