Deutsche Börse and NYSE Euronext have been given some hope of mustering support to save their merger after Europe’s leading financial regulator moved to reserve his right to oppose a recommendation to block the tie-up of the German and US exchange operators. The FT says unnamed aides to Michel Barnier, the French commissioner for the internal market, put down a so-called “waiting reserve” at a key European Commission meeting in Brussels on Tuesday, which signals that he may openly challenge the judgment of competition officials.
