Scholz's Germany with the veto on Unicredit relaunches economic nationalism but also France, Spain and Italy are not joking

The latest news reports tell of the desperate attempt of the Germany of the Chancellor Olaf Scholz to imagine continuous obstacles to stop the climb of Unicredit a Commerzbank setting the requirement of the bank's registered office and listing in Germany in the crosshairs of Andrea Orcell. This is the latest case of nationalism and economic protectionism which is raging these days in Europe. But unfortunately it is not the only one, as the excellent Alessandro Graziani on the Sole 24 Ore. The French of the Government Barnier is trying to prevent the French pharmaceutical giant Sanofi from selling its healthcare division to the American fund Clayton Dubilier & Rice. But the Spain it is no less in terms of dirigisme and economic nationalism, if it is true, as it is true, that the Sanchez Government is trying to block the purchase of the Iberian train manufacturer Talgo by the Hungarian Ganz-MaVag. But Italy is not missing from the dance of nationalism and economic protectionism, which, leveraging the Golden Power, does not exclude vetoing the purchase of the chain of consumer electronics stores Unieuro by the French. If the Governments then tell us that these are strategic operations, do not be surprised if they will be overwhelmed by the most resounding laughter.