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What is the right industrial policy for Europe ?

For Thierry de Montbrial, the founder and director of the French Institute for International Relations (IFRI), the debate surrounding the merger between Arcelor and Mittal reveals Europe's deficiencies. "We hardly have any industrial policy worthy of the name, any more than we have an energy policy. Instead, we remain stuck within the caricatured 1960s debate, that of a liberal-minded Europe that is subordinate to the United States and its choices as a dominant power; or of a Europe that is closed in on itself and, by extension, protectionist. Neither side in the debate, in France as elsewhere, has understood that the best way of being open to the outside world is to be strong domestically, and that in order to be strong domestically, one must be united while remaining exacting and competitive."

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