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
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