[M2Ys4U]

The last time pan-European private companies (SPEs) were seriously proposed (2008) opposition from the German government blocked the proposals, the idea limped along until finally being ditched in 2014 after disputes in the European Parliament about worker representation on boards.

SPEs were supposed to follow on from SEs (public companies, introduced in 2004) and SCEs (cooperative societies, introduced in 2006).