The French have a word for it - national identity

Matthew Lynn

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Interested in owning a casino? Or cultivating yogurt? Or making some high-quality sparkling wines? W...

Interested in owning a casino? Or cultivating yogurt? Or making some high-quality sparkling wines? Well, stay out of France. Even if you think it's the best country in which to do business in those fields, forget it. Unless you're French, you're banned. When you look at the industries France thinks are vital to its future, it's helpful to remember Surrealism was a French movement. On 31 December, the French government published a decree that allows the state to block foreign takeovers in 11 designated industries linked with national security. It will have the power to prevent anyone buyin...

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