When the state flies to the rescue of companies
economic, economy, events, money, world April 30th, 2010In an essay published last April 15 to Eyrolles, Mary Visot, editor in charge of the government's economic policy at the Figaro, in an educational analysis of the upheavals caused by the economic crisis on the relationship between state and business.
Putting into perspective the level of government intervention resulting from the bankruptcy of Lehman Brothers and the ensuing crisis, the author recalls that during the French economic history, it is "what happened who chaired the degree of state intervention in the economic sphere, rather than the color of government policy in place. " From the planning of post-war to regain control of capitalism in 1981, periods during which the state has invested heavily in the economy are not unusual, said Mary Visot.
Still, the public interventions in 2008 and 2009, have influenced, the circumstances require, the balance of power between the state and enterprises. The bank rescue, aid to the automobile sector, have included more control over legitimate businesses, including the convening of Carlos Ghosn at the Elysee Palace on the production of the Clio in Turkey is an example.
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