PARIS-Europe's highest court gave fresh ammunition Thursday to European Union regulators to clear away barriers to cross border mergers, amid a wave of protectionist sentiment in countries like Germany, France, and Italy.
The European Commission immediately issued a new warning to EU capitals to give up the veto rights some of them hold in strategic companies, meant to shield them from unwanted -usually foreign - suitors.
The overall sentiment in Europe has been for globalization, for some time now. In addition to this philosophy, many in Europe have been singing the praises for European unity, through this perceived panacea known as the EU. That is until, someone from another country wants to buy into their country's companies.
But globalists and Europhiles cannot have it both ways. While it is sounds good on paper to promote this new found continental unity and cooperation, it also reeks of hypocrisy to obstruct foreign investment.
Talking the talk is one thing, walking the walk is another. Setting an example is certainly MORE important than dictating the policies.