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Macron Doctrine Looks Like Same Old France to Angry Italians

  • President objects to Italy holding majority of shipyard stock
  • Dealmakers watching closely to see if France is changing
Bloomberg business news

The Meteoric Rise of France's New President 

Traditional parties are crumbling and the parliament is on the brink of an unprecedented sea change, stirring hopes across Europe that Emmanuel Macron may be able to make good on his promises of revolution. But the French president is still interfering in foreign takeovers.

Nineteen days after he was swept to power, Macron stood in front of a brand-new cruise liner in Saint-Nazaire on the Atlantic coast. With the champagne on the ship’s hull still sparkling in the sunshine, Macron told the workers in hard hats he was unhappy with the terms of their shipyard’s sale to Trieste, Italy-based rival Fincantieri SpA.