Privatisation — Rolling Back the French State
‘The important scale of French privatisations will revitalise private capitalism and contribute to a widespread liberalising movement of the economy.’ This is how Edouard Balladur (the Minister responsible for the Economy, Financial Affairs and Privatisation) viewed the ambitious programme of privatisations proposed by the Chirac government. Over five years, 65 companies valued at 300 billion francs and employing nearly 900 000 people were to be returned to the private sector. France was therefore to pursue the same path (although with greater speed and on a more substantial scale) as other European countries, notably Britain, in seeking to reduce the direct role of government in the management of the economy.
KeywordsShare Price Television Channel Television Network Stock Market Crash Privatisation Programme
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