If I were a mastermind seeking to undermine the City of London, I would shift Germany’s financial centre from Frankfurt to Berlin, just as the country moved its political capital from Bonn in the 1990s. Then it would be part of a cosmopolitan city where foreign bankers and lawyers might actually want to live.
French industry minister Arnaud Montebourg told: "How stupid do you think we are?" Getty Images
French Socialists and American chief executives make awkward bedfellows at the best of times. Just how awkward is evident from the extraordinary letter Maurice “Morry” M. Taylor – nicknamed “The Grizz” for his uncompromising negotiating style – sent to Arnaud Montebourg, France’s industry minister.
“How stupid do you think we are?” was Mr Taylor’s response to Mr Montebourg’s attempt to find out if Titan, the tyremaker Mr Taylor heads, would take over part of Goodyear’s factory in Amiens. Earlier efforts by Goodyear to forge a deal with Titan foundered on union opposition, which has not endeared French workers to the Titan CEO, who claims they “get paid high wages but work only three hours”. Read more