Is this just a war of words or a new phase of protectionism?
Based on some of the rhetoric and France's proposed new law to limit if not interdict takeovers or buyouts by foreigners protectionism appears on the rise. With the French it's nothing new.
Not too long ago the French government had a hissy fit about one of it's largest pharmaceutical firms closing down a research lab. There was some anti-foreigner talk then.
One thing is certain a new wave of protectionism will hardly be nourishing for global markets.
http://www.cnbc.com/id/101674536
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