Sarkozy’s France Inc. Suffers Losses From Presidential Meddling
France Inc. has lost 124.3 billion euros ($163 billion) under President Nicolas Sarkozy.
Companies in which the state holds stakes, from Electricite de France SA (EDF) and Air France-KLM Group (AF) to France Telecom SA (FTE)underperformed international peers on Sarkozy’s watch as his government blocked their job cuts to curb unemployment, opposed tariff increases and taxed them to plug deficits.
The $163B dollar man. Wonder how much Obama has cost us?