Sarkozy goes after US protectionism - by Elitsa Vucheva
French president Nicolas Sarkozy on Tuesday (24 February) called on the EU to protect its industry in the face of US protectionism, and said France and Italy would insist on this during a meeting of EU leaders in Brussels on Sunday. "There must be competition, but competition to build big European groups, not to make the totalities of our industries delocalize. France and Italy will as soon as Sunday [at an emergency EU summit] speak with one voice to ask Europe to take decisions, strong decisions," Mr Sarkozy told the press following a meeting with Italian prime minister Silvio Berlusconi in Rome.
The French president's comments come as the US earlier this month adopted a $787 billion (€617 billion) package to boost its economy. The bill contains "Buy American" provisions prohibiting foreign steel companies bidding for US infrastructure contracts financed by the plan. The European Commission has already raised concerns about the clause.
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