French Wave Yet Another White Flag

This time, they're surrendering in the fight to compete in the global economy:

A top economic expert has warned against growing economic nationalism in Europe, as reports say the French government will move to protect 20 companies, including Danone and Carrefour, from foreign takeovers. [...]

Some analysts have noted the tones of hypocrisy in the French government's protection plan. French companies, after all, bought into more foreign rivals last year than most other European countries' firms, statistics show.

Comments

[hank]

"The only live culture the french have left, is at the bottom of a Danon yogurt."

I wish I'd said it. I saw on NoPasaran!