President Macron raised France’s Renault holding from 15 per cent to 19 per cent. Mr Le Maire said the holding was an example of what can go wrong if politicians try to meddle in business. He diplomatically omitted to mention that Mr Macron’s meddling had been responsible for the Renault fiasco. The centrist head of state has been accused of a schizophrenic approach to business, swinging between interventionism and laissez-faire. He was economy minister when in 2015 he instructed officials to raise the…

Source: The Times October 05, 2017 23:02 UTC