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French Socialist in Mittal Row: We’re Just Doing What Obama Does

Posted By yihan On November 30, 2012 @ 1:30 pm In Money Watch,Tile | Comments Disabled

Catherine Boyle
CNBC.com [1]
November 30, 2012

The French politician who said Indian steel company ArcelorMittal should leave the country has told CNBC that his government is only acting like U.S. President Barack Obama.

Industry Minister Arnaud Montebourg, a member of the governing Socialist party, caused controversy last week when he said that the Indian company, which employs close to 20,000 people in France, should leave after it said it would have to close down a factory.

The French government announced on Thursday that it could nationalize the factory in question, with backing from an unnamed businessman.

The news raised the specter of the nationalizations of the early 1980s, which were instigated by Hollande’s predecessor Francois Mitterrand.

Montebourg told CNBC after a meeting with trade unions in Paris: “Barack Obama’s nationalized. The Germans are nationalizing. All countries are nationalizing. I’ve also noticed the British nationalized 6 banks.”

Full story here. [1]

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URLs in this post:

[1] CNBC.com: http://www.cnbc.com/id/50022833

[2] Here Is Who Gets Taxed To Fund The French ‘Fairness Doctrine’ Socialist Dream: http://www.prisonplanet.com/here-is-who-gets-taxed-to-fund-the-french-fairness-doctrine-socialist-dream.html

[3] After Invading Mali, Socialist French President Wins UN Peace Prize: http://www.prisonplanet.com/after-invading-mali-socialist-french-president-wins-un-peace-prize.html

[4] French scientist : French military told to get ready for forced vaccinations: http://www.prisonplanet.com/french-scientist-french-military-told-to-get-ready-for-forced-vaccinations.html

[5] Former French Foreign Minister: Anglo-French Operations Against Assad “Prepared, Preconceived And Planned”: http://www.prisonplanet.com/former-french-foreign-minister-anglo-french-operations-against-assad-prepared-preconceived-and-planned.html

[6] French workers threaten to blow up factory: http://www.prisonplanet.com/french-workers-threaten-to-blow-up-factory.html

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