A French voice of reasoning ?
Finally we hear a French voice of reasoning in the flurry over protectionism of domestic utility markets; From the FT
"The idea of creating giants “in a world where fossil energy is increasingly rare, and where only size counts” – to quote Thierry Breton, economy and finance minister – makes sense. But if the primary logic is size and pure economic rationality in a global market, the planned offer by Italy’s Enel for Suez made sense too – as does, in all honesty, Mittal’s bid to absorb Arcelor, the steelmaker. The introduction of patriotic criteria confuses the debate. Could French giants be good for Europe, but European giants bad for France? That is a hard motto to sell."