PARIS May 15 France's main employers' group
said on Thursday that a new government decree allowing the state
to block foreign takeovers of French firms was a bad idea
because it sent the wrong signal to outside investors.
"It's a bad idea because it's very defensive, when what we
need to be is on the offensive," Pierre Gattaz, head of the
Medef employer group, said in a statement.
"Let's not be naive. Other countries also have defensive
mechanisms to protect sensitive firms, but in this case it
appears to be a delayed response to to a structural problem."
(Reporting by Jean-Baptiste Vey; Writing By Nicholas Vinocur;
Editing by Andrew Callus)