And while the French government... has vociferously opposed a takeover that doesn't even involve a French company, the goddamn National Bank of Greece buys a Turkish bank outright and there's not even a whimper of protest?
If the takeover you're referring to is Arcelor, remember that the French state has a big stake in the company, and it has a big presence in France, despite being headquartered in the Netherlands. In the micromanaging world of French economics, that's enough.
With the Turkish bank: acording to the article, they don't have a majority stake yet, and any takeover will wait until the second half of the year. We'll see if there's any hue and cry then.
To address your larger question: Turkey is doing better than France economically (or at least trending upwards where France is trending downwards). You can get away with a lot if the economy is doing well (and you don't have powerful unions).
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If the takeover you're referring to is Arcelor, remember that the French state has a big stake in the company, and it has a big presence in France, despite being headquartered in the Netherlands. In the micromanaging world of French economics, that's enough.
With the Turkish bank: acording to the article, they don't have a majority stake yet, and any takeover will wait until the second half of the year. We'll see if there's any hue and cry then.
To address your larger question: Turkey is doing better than France economically (or at least trending upwards where France is trending downwards). You can get away with a lot if the economy is doing well (and you don't have powerful unions).