Socialist France Responds To Titan CEO, Hilarity Ensues

Tyler Durden's picture

Presented without any comment (see original Titan letter here), and google translated to add Babel fishing insult to an already injurious, or is that hilarious, exchange between a hard core capitalist and a socialist... perfect ignorance, admiration of Obama, trade tariff threats, oh, and don't mention the war.

From Arnaud Montebourg,

Sir,

 

Your extremely insulting words also testify perfect ignorance of what our country is France, its key strengths, such as its world-renowned attractiveness and its relationship with the United States of America.

 

France has the pride to welcome on its soil over 20,000 foreign companies representing nearly two million jobs, a third of its industrial exports, 20% of private research and development and 25% of industrial employment. Each year, there are 700 decisions of locating foreign investment and job creators of value in France. And this strong attractiveness does not weaken, on the contrary from year to year, it is getting stronger.

 

Within these foreign investments, the United States occupied the first place. 4200 subsidiaries of U.S. companies employ nearly 500,000 people. The presence of U.S. companies in France is very old: Haviland since 1842 IBM since 1914 Coca-Cola since 1933, General Electric since 1974. And many others. These links are from year to year renewed: in 2012, companies like Massey Ferguson, Mars Chocolate, or 3M chose to increase their presence in France.

 

What are the decisive factors in the choice of location? Foreign companies in France are seeking quality infrastructure, a lifestyle appreciate an energy amongst the most competitive in Europe, and a very favorable environment to research and innovation. But most importantly, away from this your comments are ridiculous and derogatory, all these companies know and appreciate the quality and productivity of the workforce French, commitment, knowledge, talent and skills of workers French.

 

To amplify the attractiveness, the French government has recently taken measures 35 in the National Pact for growth, competitiveness and employment. Among them, the tax credit for competitiveness and employment allege coats of 6% wage firms between 1 and 2.5 SMIC. In addition, the social partners have reached an agreement on the securisation employment, which illustrates the quality of social dialogue in France and the importance that the government attaches to which I belong.

 

Can I remind you that Titan, the business you run is 20 times smaller than Michelin, a French leader in technology our international influence, and 35 times less profitable? That is to say how a Titan could learn and gain enormously from a French settlement.

 

France is especially proud and happy to welcome American investment between our two countries are linked by an old friendship and passionate. Moms do you know what makes La Fayette to the United States of America? For our part, we French will never forget the sacrifice of young American soldiers on the beaches of Normandy to deliver us from Nazism in 1944. And since you choose to criticize your own country in the letter that you send me, I must tell you how the French government admire the policy implemented by President Obama. As Minister for Industry, I am particularly sensitive to actions in favor of the relocation of manufacturing jobs in the United States and radical innovation. It is our policy that even some present with the parent inspired by your President.

 

You mention your intention to exploit the labor of some countries to flood our markets. I must tell you that this calculation wrong and short-term and will sooner or later face a justified reaction (just as in the US). This is already the case in France with allies increasingly numerous in the Union European arguing for reciprocity of exchanges and organize against dumping. In the meantime, rest assured you can count on me to monitor, by the competent services of the French government with redoubled zeal, the importation of your tires. They will ensure compliance with all standards particularly applicable materials social, environmental and technical.

 

I beg you to accept, Sir, the assurances of my highest.