France announced plans to temporarily nationalize its Saint-Nazaire STX shipyards to prevent their takeover from the Italian state-controlled Fincantieri, Le Monde reported on Thursday.
Later that day, the French Economy minister confirmed the move. Bruno Le Maire justified the protectionist measure in terms of “French strategic interests in naval construction.” Earlier the government spokesman Christophe Castaner hinted that this may be a negotiating bluff.
From Rome ...
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