10 November 2011

La grande braderie - 1980s French Privatisation

"The first postwar privatisation programme in France, which became law on 6 August 1986 (no. 86-912),3 ushered in something of a 'golden age' of privatisation. The programme was ambitious and far-reaching: it sought to privatise, in the short space of five years, 66 firms, embracing 27 independent groups, with a total workforce of 900,000 and an estimated value of 300 billion francs overall (amounting to one quarter of the then total capitalisation of the Paris Bourse)."

(page 216, Mairi Maclean "Privatisation, dirigisme and the global economy: An end to French exceptionalism?" in Modern & Contemporary France).

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