Monday, November 26, 2012 12:09 pm
News Summary: French minister ups stakes in spat
By The Associated Press
HOW WE GOT THERE: ArcelorMittal infuriated many on the French left by announcing Oct. 1 that it would shut down a blast furnace in northeast France that's reportedly profitable, but underperforming, unless the government found a buyer.
THE REACTION: Industrial Recovery Minister Arnaud Montebourg accused ArcelorMittal - which employs more than 20,000 workers at about 150 sites in France alone - of "overwhelming" lies.