Breakingviews: France reinforces business unfriendly image
Thursday, May 15, 2014 - 04:19
May 15 - The extension of the French government’s powers to oppose unwanted takeovers by foreign firms only codifies current practices, but it won’t enhance the country’s reputation as a place to do business.
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Classes you take over the -- seemingly. Reinforces. The country's size image. As as a business unfriendly one -- you know song. I -- is separate movies always been covering this he's also friends by the way sort of puts him I must confess she has confessed. -- draconian is yes I am. And if we put it into perspective you look at some of the other schools and other European countries and it the other countries around the world and place. It's a different. Yet perspective is the keyword here it basically could declines current practices both in France. And in other governments on May be Ellis spoke about it. It extends the it decree that was taken in 2005. To protect to to give the government society in the takeovers that would affect the defense industry in national security and this extends it to other sectors and histories that ended the war terror. Transplants from hell yes that's yes and help. It doesn't mean it's not like. The absence of specific legal -- have prevented a French government. To mental -- to a takeover didn't like by the way that 2005. Year old who has never used. As such I mean you different -- French government imposing table based on that -- He's basically an invitation to speak and so foreign companies we know who is there are supposed to have for a in certain given industries that have to come to cut the government first and it probably stems from the governments and happiness. Well no not having been consulted allude -- in order electric. OK so that -- -- from the government is sparing us a warning shot if you -- -- -- they were the economy minister. More of their book have to say the new measure will be applied in a selective on proportional manner taking into account the merits of each situation. I mean. It doesn't mean anything electric like a lot of what moment ruling generals -- he's when as we know he's belongs to. A truck protectionist wing of the socialist policy. Isn't really an anti business from doing what I'm going to. -- -- it is it tough I mean with taking this into account is what is it tough for big foreign companies. To do business that it had -- to carry out again it was in France. -- it is in the UK in Germany and other European countries I don't think so is this gonna go from there -- companies off. Yes there is no. In the case of post times takeovers that maybe. -- them probably would make things. Little more difficult bit was sent takeovers have been never really happened incredulous when Ricardo was. Meet -- taking -- possibility as we know it ended up Fuzzy friendly. Take over on as often. It is the case. What what he does really it was pretty fines of four foreign companies have a set of rules they have it they know -- can go by. And -- the thing that's -- Phoenix. And I sort of finish with with what with one of the lines and you'll please we had some pretty bad GDP numbers from today skated a weak man of Europe. A -- of both of the coal. Com and you say it's got more important economic challenges to just to step up to yeah I mean I mean -- -- the government to do devotes it's energies to trying to. You Antonio micromanage the June 2 kills them. Virginal. Serie a table when it. Is is a good -- could be good to be pathetic in the current economy context. But to -- -- has to sell in tough economic programs spending cuts to. European elections which the government is gonna lose massively are in about ten days had to do something to prove that. It's not just supply side to can -- -- that the government is still there and so part of that. The explanation of this particular decree is purely political. Target yet many thanks for. The US British Arizona says while police and 1730 BST. -- -- --
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