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The Journal Gazette

Monday, November 26, 2012 12:09 pm

News Summary: French minister ups stakes in spat

By The Associated Press

J'ACCUSE: A French Socialist minister says he wants to kick the world's biggest steelmaker out of the country, accusing it of lying to the government and in the process exposing the simmering mistrust of capitalism in France.

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.