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Enthusiasm for the idea is not new (Photo: European Commission)

France and Germany in new push for industrial champions

France and Germany have renewed their commitment to creating industrial champions in Europe.

At a meeting in Paris on Tuesday, the newly appointed French finance minister Thierry Bretton said, "Europe needs great industrial groups, Germany and France have a role to play as a motor".

German economics minister Wolfgang Clement said, "we are in the process of developing a strategic co-operation with France in order to stand our ground in worldwide competition".

According to Ger...

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Enthusiasm for the idea is not new (Photo: European Commission)

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