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Will European companies be taken over by non-European capital? (Photo: European Commission)

Germany hits out at French protectionism plan

France's idea that EU governments take stakes in European strategic companies to shield them from foreign bidders and the impact of the financial crisis has ruffled feathers in Germany, with the country's economy minister immediately going public to defend free market rules.

"The French proposal ... goes against the successful principles of our economic policy," German economy minister Michael Glos said on Tuesday (21 October), AFP and FAZ report, shortly after Nicolas Sarkozy had pre...

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Will European companies be taken over by non-European capital? (Photo: European Commission)

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