China set to fully control Portugal’s power grid amid Europe’s inertia

EURACTIV  Jul 16, 2018 (updated:  Jul 20, 2018)

The case could be a game changer when it comes to foreign investments in the EU, considering that currently the Commission lacks the proper legal framework to “protect”EU common interests. [Chiu Ho-yang/Flickr]

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China is set to make further inroads into European infrastructure, as a state-owned company attempts to gain full control of Portugal’s power grid.

The case could be a game changer when it comes to third country foreign investments in the EU. Currently, the Commission lacks the proper legal framework to “protect” EU common interests and it could be a wake-up call to speed up the procedure to establish an investments screening mechanism.

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