The Phone is off the Hook in Europe

Filed under: Bad News, Eastern Europe

It has become a European tradition that the government owned airlines and phone companies are often "bossed" around by the politicians who have kept anything but an arm's length relationship when it comes to decision making. Many European countries hold ownership shares in the industries' major players, and it is very common for these governments -- including sometimes even their heads of state -- to meddle and interfere in their business affairs. Then, when there's even a whiff of economic endangerment, they run for the hills.

Now, here is an interesting story for you: Enter the Poles, the Danes, and the President of France, Nicolas Sarkozy.

What does the beleaguered president of France have to do with a two decade-long feud between two telecommunications companies in Poland and Denmark? As it turns out - everything!

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The Phone is off the Hook in Europe originally appeared on BloggingStocks on Thu, 23 Dec 2010 16:30:00 EST. Please see our terms for use of feeds.

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