Sounds like the French establishment ganging up to protect their interests. We now need to hear from the French investor groups.
Is this really what European business thinks?
Onésimo Alvarez-Moro
See article:
Europe's leading business lobby group has claimed industrialists are crying out for stronger political leadership in the event of sensitive takeover battles, such as Mittal Steel's hostile bid for Arcelor.
Ernest-Antoine Seillière, speaking on behalf of 20m businesses, said politicians had a duty to give a strong signal on "symbolic" industrial questions which aroused "the emotion" of the public.
Mr Seillière, head of the Unice employers' federation, said there had been "no meaningful political answer" to the Mittal bid at a European level, only national responses from Belgium, France, Luxembourg and Spain.
Far from arguing that politicians should steer clear of corporate takeover battles, Mr Seillière said that companies would leave Europe unless they could rely on a stronger sense of political direction in such matters.
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