What is more serious is the fact that, encased as it is in the straitjacket of a Stability Pact that, in calculating the public debt, draws no distinction between productive investment and non-productive expenditure, and subject as it is, when it comes to state aid – think of the Alstom affair – and to concentrations be
tween companies, to control by the Commission that is as rigorous as it is abstract, our companies manifestly do not have the means to compete effectively with US industry which, for its
part, benefits from permanent government support. ...[+++]