“Backdoor nationalisation and dilution of governance are unacceptable however big the price tag.”
A few months later, in June 2006, Deutsche Bank published a study emphasizing the negative effects of emerging “economic patriotism,” or government takeovers, on the development of the EU’s single market. The study noted that “France is perceived as the home of economic patriotism.”
Continued the report: “The French government deliberately pursues a strategy aimed at creating national champions by offering financial assistance and political support to specific companies. This involves direct intervention by the state in corporate decisions.”
Aaron Klein is Jerusalem bureau chief and senior reporter for WorldNetDaily.com. He is also host of an investigative radio program on New York’s 770-WABC Radio, the largest talk radio station in the U.S., every Sunday between 7-9 p.m. His website is KleinOnline.com.
About the Author: Aaron Klein is the Jerusalem bureau chief for Breitbart News. Visit the website daily at www.breitbart.com/jerusalem. He is also host of an investigative radio program on New York's 970 AM Radio on Sundays from 7 to 9 p.m. Eastern. His website is KleinOnline.com.
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