I would like to say it amazes me that Europe’s countries
are still very insular and resistant to open access and open borders for open
business … but it does not.
This week, it is the
Germans who are being accused of protectionism.
introduced the concept of a law that would outlaw the idea of
German banks being controlled, run, owned or even interfered with by Sovereign Wealth
The law passed by the Cabinet for approval by Parliament,
would allow German politicians to reverse any investment in a German business
that exceeded more than a 25 percent ownership stake by a foreign
But it may place Germany in a very weak place, according to their business community.