French threaten to nationalise #Mittal #steel operations in #France

French threaten to nationalise Mittal steel operations in France

·         European harmonisation does not seem to apply when French jobs are at stake

·         There is massive unemployment in Spain, Greece and in other Eurozone states but it appears that unemployment in France is unacceptable

·         We have not seen Spain or Greece threaten to nationalise any industry

·         Perhaps other Eurozone countries should take control of key industries to reduce unemployment and perhaps to pay down debt

·         The Mittal assets are in Lorraine, an area which was fought over during the 1870 Franco Prussian war and the WWI

·          We knew that Francois Hollande was socialist but we did not know he was communist

From S.P. Angel's Morning note