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With Europeโ€™s economic growth lagging, the FT polled dozens of banks, law firms and execs on which companies they would merge to create European champions. Like fantasy football for business nerds, here are the fantasy megamergers โ€” from the creative to the crazy โ€” that could transform Europe ๐Ÿ‘‡

๐ƒ๐ž๐ฎ๐ญ๐ฌ๐œ๐ก๐ž ๐“๐ž๐ฅ๐ž๐œ๐จ๐ฆ ๐š๐ง๐ โž• ๐Ž๐ซ๐š๐ง๐ ๐ž ๐Ÿ“ฑ ๐˜›๐˜ฆ๐˜ญ๐˜ฆ๐˜ค๐˜ฐ๐˜ฎ๐˜ด A German-Franco deal would create a company serving more than 16 markets, allowing for efficiencies and investment in improved technology such as 6G.

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๐€๐ข๐ซ๐›๐ฎ๐ฌ โž• ๐’๐š๐š๐› ๐Ÿ›ก๏ธ ๐˜‹๐˜ฆ๐˜ง๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ As Russiaโ€™s war with Ukraine continues, the bloc urgently needs to scale up weapons manufacturing and reduce fragmentation within the sector โ€” and maybe finally build a next-gen fighter jet.

๐ˆ๐›๐ž๐ซ๐๐ซ๐จ๐ฅ๐š โž• ๐„๐ง๐ž๐ฅ ๐Ÿ”‹ ๐˜Œ๐˜ฏ๐˜ฆ๐˜ณ๐˜จ๐˜บ Larger energy giants could cut costs for European manufacturers, reducing the competitive disadvantage with US and Chinese rivals. The other upside would be more cash to invest in renewables.

๐ƒ๐ž๐ฎ๐ญ๐ฌ๐œ๐ก๐ž ๐๐š๐ง๐ค โž• ๐๐๐ ๐Ÿช™ ๐˜‰๐˜ข๐˜ฏ๐˜ฌ๐˜ช๐˜ฏ๐˜จ Germanyโ€™s biggest bank and its French rival could create a pan-European giant with corporate and investment banking businesses and European retail networks.

๐€๐’๐Œ๐‹ โž• ๐Œ๐ข๐ฌ๐ญ๐ซ๐š๐ฅ ๐Ÿ’ป ๐˜›๐˜ฆ๐˜ค๐˜ฉ๐˜ฏ๐˜ฐ๐˜ญ๐˜ฐ๐˜จ๐˜บ ASML is Europeโ€™s most valuable company and a crucial supplier to the global semiconductor industry. A merger with French AI start-up Mistral could create a true European AI competitor to US Big Tech and Chinese upstarts.