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8/24/07

IHT: Merkel: Government will find way to keep closer tabs on foreign investments in German firms

For the complete report from the International Herald Tribune click on this link

Merkel: Government will find way to keep closer tabs on foreign investments in German firms

German Chancellor Angela Merkel said Friday that the government will make it a priority to find ways to monitor the purchase of German interests by foreign investments. "It is a completely normal policy," Merkel told reporters in the capital, as she explained proposals to create control mechanisms for foreign funds, pre-empting complaints that the government is pursuing a protectionist policy.

Note EU-Digest: the worry in Germany about foreign investment is not so much about private companies buying up German/European companies, but rather state owned Chinese and Arab companies buying their way into European industries.

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