Sunday, 9 December 2007

Free movement of capital?

Had an interesting discussion this week in Brussels about EU policy towards foreign direct inward investment.

Should the EU allow anyone to buy up our strategic industries - especially energy and defence? Should we insist on reciprocity of investment opportunity if we allow inward FDI? Or should we manage our risks by a move towards a "democracies-only" inward investment policy?

More to the point, how can we make sure that we have a free choice and not one forced by need for FDI - a position which we should surely be able to reach, given the size of our GDP.

Hard choices - or rather avoidance of them by the EU - a theme I'll return to in 2008, reinforced by time to reflect from far away from Europe.

This is the last blog for 2007, so I leave you with a poser (mainly for British readers)

Who, before Gordon Brown, was the last man from Dunfermline to try to rule England?

Answer in first post of 2008 - have a good Christmas and New Year