Yup.
France elected a new president, turning away the woman who would have restored the foundering country's economy and one off his first actions is to lean so far left the country could tip into the sea!
Macron Nationalizes Shipyard, Spooking Outsiders
Yes, Macron has NATIONALIZED shipbuilding - as Bloomberg put it: "Spooking outsiders".
(Quoted material below in blue)
Move that harkens back to old French ways pleases nationalists
As first steps go, President Emmanuel Macron’s decision Thursday to nationalize a shipyard is as French as it gets.
The move, aimed at blocking Italy’s Fincantieri SpA from taking control of the 155-year-old shipbuilder, is confounding those who’ve been expecting Macron to ring in a new era of business friendliness. The week had after all started with his attempt to put France’s finances in order by deciding on Monday to slash public spending on housing. And then this.
“Macron is all about strengthening the business environment in France but his first action is more interventionism,” said Ludovic Subran, chief economist at Euler Hermes in Paris. “For the private sector, this sends the wrong message.”
France elected a new president, turning away the woman who would have restored the foundering country's economy and one off his first actions is to lean so far left the country could tip into the sea!
Macron Nationalizes Shipyard, Spooking Outsiders
Yes, Macron has NATIONALIZED shipbuilding - as Bloomberg put it: "Spooking outsiders".
(Quoted material below in blue)
Move that harkens back to old French ways pleases nationalists
As first steps go, President Emmanuel Macron’s decision Thursday to nationalize a shipyard is as French as it gets.
The move, aimed at blocking Italy’s Fincantieri SpA from taking control of the 155-year-old shipbuilder, is confounding those who’ve been expecting Macron to ring in a new era of business friendliness. The week had after all started with his attempt to put France’s finances in order by deciding on Monday to slash public spending on housing. And then this.
“Macron is all about strengthening the business environment in France but his first action is more interventionism,” said Ludovic Subran, chief economist at Euler Hermes in Paris. “For the private sector, this sends the wrong message.”
