DEBORAH MARCHINI, CNN ANCHOR: GE and Honeywell: The European Commission is supposed to make a final decision about whether they can merge July 2. The betting is the deal will be off. Lionel Barber of the "Financial Times" joins me now to talk about more the GE-Honeywell merger. And Lionel, is it a done deal already? Or an undone deal already?</s>LIONEL BARBER, "FINANCIAL TIMES": Well, I think it's an undone deal, actually. I think there were a lot of interesting rumors yesterday, which were picking up in meetings between GE and Honeywell, possibly looking at a revised offer. Other sources were saying that although this is Jack Welch's deal, he's actually spending more time on his book. But actually, I think the action is really now focused in Brussels, where Mario Monti, the Italian commissioner responsible for anti-trust policy has received this week's solid backing from the 15- member states, saying he was right to block this deal. And yes, two or three countries expressed some reservations, but this was more in sorrow than anguish that they haven't been able to come to a deal. And my inside information is that Mr. Monti has very, very solid support inside the 20-strong European Commission behind his stance for blocking this deal. And there isn't anymore time, really, for GE to come back, as we explain in today's "Financial Times" lexicon.</s>MARCHINI: Thank you so much, Lionel Barber of the "FT." TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
'Financial Times': European Commission Will Likely Stamp out GE-Honeywell Merger