STX shipyard: Macron’s strategy incites anger

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Series Details July-August 2017
Publication Date August 2017
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The Debates feature from Euro|Topics offers English (+ French and German) translations of a selections of articles in European news sources on this topic.

Euro|Topics relaunched their website during 2016. Features published before that date are still available via an archive website (see related url hyperlinks).Italian shipbuilding company Fincantieri agreed in May 2017 to pay €79 for two-thirds of STX France, which was being sold following the collapse of South Korean parent STX. This was agreed at the time by the French government but the new government of President Emmanuel Macron raised objection to the detail of the deal. The Italian bid had raised fears for French jobs at the Saint-Nazaire site of STX on the Atlantic Coast.

Economy Minister Bruno Le Maire announced on the 27 July 2017 that France would temporarily nationalise the STX shipyard while France continued negotiations with Italy on shared ownership of the firm.

Bruno Le Maire had talks with his Italian counterpart Pier Carlo Padoan and Italian Industry Minister Carlo Calenda on the 1 August 2017. He said the two countries would work towards reaching a settlement of the issue by the end of September 2017.

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Related Links
The, 02.08.17: Italy 'won't be pushed around' by France over shipyard
France24, 27.07.17: France to nationalise STX shipyard if Italy snubs deal
Reuters, 01.08.18: France, Italy want solution for STX shipyard by end September
The, 27.07.17: France to nationalise its biggest shipyard after standoff with Italy
Politico, 27.07.17: France to temporarily nationalize STX shipyard
The Guardian, 27.07.17: France nationalises strategic shipyard to thwart Italian ownership
RFI, 01.08.17: France warns Italy over shipyard row
EUObserver, 28.07.17: France and Italy quarrel over shipyard and Libya
Deutsche Welle, 01.08.17: Stalled French shipyard sale causes storm with Italy
Italy: Ministry of Economy and Finances: Dichiarazione congiunta dei governi Italiano e Francese sulla cooperazione in campo navale [in Italian]
BBC News, 31.07.17: France and Italy in row over shipyard

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