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France to nationalize Mittal's plants?

Discussion in 'The Okie Corral' started by Mr981, Nov 29, 2012.

  1. Mr981

    Mr981

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    http://www.telegraph.co.uk/finance/...with-threat-to-nationalise-ArcelorMittal.html

    The #2 economy in Europe now telling a large private employer that they are no longer welcome in France. If the details of the article are even half correct, the lunatics are now in control of the asylum of France. Both Hollande and his minister are on the verge of chasing businesses and entrepreneurs out of France with the type of threats that are being issued. It would seem that the Socialists think the solution for their economic malaise is to revisit their failed policies of the 80's.

    This makes me think that political parties can become hostage to their tired ideology, even if there is proof that it doesn't work.

    Ideologically-based decision like this can seal the fate of the EU before that sleepy bunch in Brussels figures out which way is up.

    With all these weak/deadbeat co-members along with Germany in the EU, I've got to wonder when they'll get tired of propping up an unworkable economic trade arrangement.
     
    Last edited: Nov 29, 2012