Italy considers extra national anti-takeover regulations

Found this on Euronews website and have tweeted it as well. This is the extent of protectionism that maybe we thought was ending at least in what we consider the developed capitalistic world. Well there you go. When the going gets tough the Italians seem to be called foul. But then is the authority of what we Brits also despise, the precedence of European Union law above national edicts and a requirement to come into line, going to prevent this. Somehow I doubt this.

But consider this. If the UK took the same view at least of its companies that it considers strategic, would it allow foreign ownership of say Cadbury's, and American CEOs at places such as Barclays. Oh and naturally when the US considers its company's it has certainly blocked takeovers by Chinese companies of US businesses so do not think that in reality the US is nearly as open as we are because that is not the case. Whether you like him or loath him, Murdoch had to become a US resident and committed to that country in order to make the acquisitions that News Corp have made in the media business there. So that is the case for the prosecution.

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