When French voters rejected the EU constitution last May, it was thought by many observers to be an anomaly -- a one-off act by voters afraid of losing cherished privileges in a land committed to an integrated Europe.
However, nearly one year on, it is beginning to look more and more as if the country that likes to style itself a "motor of Europe" might actually be more of a roadblock on the path to European integration.
A series of maneuvers by French companies and leaders have created the suspicion, in Brussels and elsewhere in Europe, that the French want to have their economic cake and eat it too -- that is, benefit from the EU's open borders while keeping a firm hand on their family jewels.
Growing criticism of alleged French protectionism provoked President Jacques Chirac into an angry defense of his country during talks with German Chancellor Angela Merkel earlier this month.
"France has been accused in the foreign media of being protectionist," Chirac said in Berlin. "This is absolutely absurd."
Nevertheless, resentment over what French leaders themselves have called "economic nationalism" has grown so strong that one Italian editorialist spoke of a "French illness that risks infecting everyone on Europe."
Italian Finance Minister Giulio Tremonti compared the situation created by French behavior to the period leading up to World War I.
"Today, no one wants a blockage of the European markets either, but ... we are risking a chain reaction," he complained.
The Italians were commenting on the most recent case of French so-called economic nationalism, which involves two French companies, French energy giant Gaz de France (GDF) and the energy and environment services group Suez.
Brussels and Rome accuse the French authorities of arranging a shotgun wedding between the two companies to head off an anticipated hostile takeover bid for Suez by the Italian giant ENEL.
As a result, Brussels has chosen to make a test case of the Suez affair about the way business will be conducted in Europe in the future.
The EU could take France to court over the case if it proves that French authorities played a role in hampering ENEL's ability to make a bid for Suez.
On Tuesday, French Finance Minister Thierry Breton -- apparently fearing censure by Brussels -- blithely said that his government was not encouraging this or any other merger.
"I only encourage companies to do their work," Breton said. "They can join with whomever they like."
This was the same Breton who two months earlier openly expressed his government's hostility to a hostile takeover bid by the world's No. 1 steelmaker Mittal Steel for Europe's Arcelor.
Breton said the French government was worried about the takeover attempt because "Arcelor carries out a very large part of its activities in Europe, notably in France."
In fact, the French government has compiled a telltale history of interference in the free market of cross-border takeovers, repeatedly selecting like a protective mother what it considers the most fitting partners for its companies.
In 2004, when the Swiss pharmaceuticals company Novartis made a bid for the French-German group Aventis, the government of then-prime minister Jean-Pierre Raffarin immediately voiced its strong opposition.
"We will do everything in our power so that this merger is not completed," a Raffarin adviser said at the time. "France is a sovereign state. We will not let the Swiss simply take over what we have spent years to build up."
Instead, similar to the way the merger between GDF and Suez has been arranged, the French authorities pushed for a merger between Aventis and the French company Sanofi-Synthelabo, creating Sanofi-Aventis.
Last year, rumors of a possible hostile takeover bid by the US foods giant PepsiCo for France's leading foods group Danone sent politicians in Paris to the barricades again.
Although PepsiCo never confirmed interest in Danone, the outrage expressed by French leaders was so great that a clear message was sent to other possible suitors.
According to the business daily La Tribune, that scare prompted the French intelligence services to draw up a list of possible takeover targets to be protected from foreign poaching.
The list -- which includes Danone, the bank Societe Generale, retailers Casino and Carrefour, telecommunications equipment firm Alcatel and media group Vivendi Universal -- goes well beyond the "nationally strategic" companies the EU would permit protecting.
But the case of Suez and GDF is particularly galling for Brussels as EU Competition Commissioner Neelie Kroes has warned that the sector was not sufficiently integrated and too concentrated in the hands of a few companies.
Last week, EU energy ministers urged to speed up the creation of a frontier-free energy market, and called on Kroes to carefully vet protectionist moves in the sector.
Austrian Energy Minister Martin Bartenstein, whose country currently serves as EU president, stated the conflict clearly.
There is, he said, a contradiction between some governments' "nationalist approach" to blocking energy sector takeover bids and the EU's rules on ensuring the free cross-border movement of capital.
President William Lai (賴清德) attended a dinner held by the American Israel Public Affairs Committee (AIPAC) when representatives from the group visited Taiwan in October. In a speech at the event, Lai highlighted similarities in the geopolitical challenges faced by Israel and Taiwan, saying that the two countries “stand on the front line against authoritarianism.” Lai noted how Taiwan had “immediately condemned” the Oct. 7, 2023, attack on Israel by Hamas and had provided humanitarian aid. Lai was heavily criticized from some quarters for standing with AIPAC and Israel. On Nov. 4, the Taipei Times published an opinion article (“Speak out on the
Most Hong Kongers ignored the elections for its Legislative Council (LegCo) in 2021 and did so once again on Sunday. Unlike in 2021, moderate democrats who pledged their allegiance to Beijing were absent from the ballots this year. The electoral system overhaul is apparent revenge by Beijing for the democracy movement. On Sunday, the Hong Kong “patriots-only” election of the LegCo had a record-low turnout in the five geographical constituencies, with only 1.3 million people casting their ballots on the only seats that most Hong Kongers are eligible to vote for. Blank and invalid votes were up 50 percent from the previous
More than a week after Hondurans voted, the country still does not know who will be its next president. The Honduran National Electoral Council has not declared a winner, and the transmission of results has experienced repeated malfunctions that interrupted updates for almost 24 hours at times. The delay has become the second-longest post-electoral silence since the election of former Honduran president Juan Orlando Hernandez of the National Party in 2017, which was tainted by accusations of fraud. Once again, this has raised concerns among observers, civil society groups and the international community. The preliminary results remain close, but both
News about expanding security cooperation between Israel and Taiwan, including the visits of Deputy Minister of National Defense Po Horng-huei (柏鴻輝) in September and Deputy Minister of Foreign Affairs Francois Wu (吳志中) this month, as well as growing ties in areas such as missile defense and cybersecurity, should not be viewed as isolated events. The emphasis on missile defense, including Taiwan’s newly introduced T-Dome project, is simply the most visible sign of a deeper trend that has been taking shape quietly over the past two to three years. Taipei is seeking to expand security and defense cooperation with Israel, something officials
RSS