Western Europe: One Plus One Equals Five


The Italian government has amended taxes that discourage business mergers. In France, the Commissariat du Plan is setting up an interministerial committee to act as a sort of marriage bureau for companies that wish to get together. The British government announced last week that one task of the new Industrial Reorganization Corp. will be to sponsor "desirable regroupings." Spain's economic Development Plan calls for the "concentration of productive units." Common Market Commission President Walter Hallstein insists: "We must let more mergers go through."

From Shoes to Sugar. Such prodding has produced...

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