Financial Times FT.com

Sovereign Funds

BDI warns on ‘economic patriotism’

By Bertrand Benoit in Berlin

Published: July 31 2007 22:12 | Last updated: August 1 2007 08:34

Germany’s leading industry lobbyist warned Berlin on Tuesday not to follow France’s lead in raising the state’s influence on the economy in response to the challenges of globalisation.

Jürgen Thumann, the chairman of the BDI industry federation, told the FT in an interview the “economic patriotism” championed by Nicolas Sarkozy, the French president, was among the factors fuelling a protectionist zeitgeist in Europe.

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