Skip to comments.German economy minister wants tougher foreign investment rules
Posted on 03/04/2018 2:42:41 PM PST by Olog-hai
Germanys economy minister on Saturday suggested tightening the rules on foreign investment, following concern over Chinese influence on European firms.
Last month, it emerged that Chinese billionaire Li Shufu had quietly bought a near-10-percent stake worth around 7.2 billion ($8.9 billion) in German car giant Daimler making him the groups largest shareholder.
We must always adapt our law on the external economy according to new developments, including the threshold at which (the government) can become involved, Economy Minister Brigitte Zypries told the weekly Der Spiegel.
Currently, Berlin can scrutinize a transaction and possibly prevent it, if the foreign investor seizes a stake worth more than 25 percent of a companys capital.
The fact is, the investors can often exert considerable influence on a business, even with a smaller stake, said Zypries, a Social Democrat.
(Excerpt) Read more at thelocal.de ...
They should tighten rules on foreign immigration, not investment.
That would take moving away from the principles of people like Babeuf, Hegel and Marx.
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