Financial Times FT.com

Berlin starts to resemble Paris on industry policy

By Bertrand Benoit in Berlin

Published: May 27 2009 03:00 | Last updated: May 27 2009 03:00

The Spree is not as majestic as the Seine, nor is Berlin's Television Tower quite the Eiffel Tower - but when it comes to politics and business, the fashion in the German capital is Parisian.

Berlin has been busy engineering taxpayer-financed bail-outs while denying some cash-strapped businesses help. Angela Merkel, chancellor, will this week effectively appoint the new owner of Opel, the German arm of General Motors. The German government, which had tried to maintain a hands-off attitude towards business now seems to have embraced industry policy à la française .

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