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Montebourg's threats, however, may be little more than hot air: legal experts say a compulsory takeover by the French government is likely to be unconstitutional and against European Union laws.
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Professor John Kay wrote an excellent report for the last government on the role of financial intermediaries in long termism and some useful action has followed: reforming the takeover code, abolishing compulsory quarterly reporting, clarifying the legal obligations of directors (Sir George Cox wrote a parallel report for the Labour Party).
A radical land reform, begun in 1921 and completed in 1948, redistributed farmland from large owners to peasant farmers, but the restructuring of the economy after the communist takeover included the compulsory collectivization of agriculture, carried out between 1949 and 1962.
After all, the Clinton plan already demanded substantial financial obligations from employers and other groups; when many opponents objected to a government takeover, it was the compulsory financial obligations that they chiefly had in mind.
Sacyr and Pemex had hoped to gain more seats on the board without making a takeover bid for Repsol, which would have been compulsory if their combined share had reached more than 30 percent.
Compulsory viewing.
A takeover.
Compulsory sterilisation?
"It's not compulsory.
More grog is compulsory.
Compulsory hotel yukata.
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