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Big Brother is Back; State Capitalism
Article from Bulletin/Magazine
The Economist (http://search.proquest.com/) vol. 405 no. 8809 (Nov. 2012)
Sale of a Business
Perpustakaan Pusat (Semanggi)
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Lihat Detail Induk
The biggest European merger for years collapsed last month. EADS, the owner of Airbus, and BAE Systems, a defence-and-aerospace group, will not tie the knot. The aim of the merger was to wrest both firms free of state interference. Now Big Brother is back. Angela Merkel, Germany's chancellor, is rushing ahead with plans for the German government to take a 15% stake in EADS before the end of the year, buying shares (through KfW, the state bank for reconstruction) that the Daimler car group and some banks want to ditch, thus bringing it level with the French government's shareholding. When even centre-right governments such as Germany's or the previous French administration start buying up industrial stakes, something is in the air.
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