Europe nears crisis plan for public stakes in key companies – sources

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(From Reuters)

“I do not favour the recovery fund taking stakes in companies. I do not favour this French model of sponsoring industry,” said Lars Feld, chairman of the German government’s council of economic experts that advises the chancellery, finance ministry and economy ministry on policy.

The nature of the scheme – whether permanent or temporary – is also a key point of contention, the sources said.

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