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BAE-EADS: Angela Merkel blamed for collapse of £28bn merger

Posted by seumasach on October 11, 2012

The wider geo-strategic background to this is that Britain has no intention of becoming part of Federal Europe and would inhibit any projected independent European defence capability

Guardian

11th October, 2012

The €35bn (£28bn) mega-merger between BAE Systems andEADS collapsed as a result of personal opposition from the German chancellor, Angela Merkel, and despite a series of 11th-hour interventions from Downing Street officials and their counterparts in Paris and Berlin attempting to keep the deal alive.

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