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PARIS Kenny Tete Netherland Jersey , July 27 (Xinhua) -- France will "temporarily" nationalize the STX France shipyard, the country's strategic shipyard that produces aircraft carriers and warships, following a dispute with Italy over ownership, Economy Minister Bruno Le Maire announced Thursday.
"We have taken the decision to exercise the state's right of pre-emption on STX," the minister said.
"The shipyard is not destined to remain under state control. The pre-emption decision is temporary and should give us the time to negotiate in the best conditions," he added.
Divergence appears between Paris and Rome over STX France capital split after Italian officials refused French proposal of 50-50 stake.
In May Kenneth Vermeer Netherland Jersey , Fincantieri, Italian state-run shipbuilder, proposed 79.5 million euros (92.83 million U.S. dollars) to seize for two-thirds of STX France, which is offered for sale following the collapse of its South Korea parent, STX.
According to Le Maire, the fifty-fifty capital was "a fair proposal (which) helps preserve the strategic interests of France while associating ... Italian friends with French shipbuilding".
"We will continue to negotiate on this basis with our Italian friends in the coming days Karim Rekik Netherland Jersey ," he said, adding that he would fly to Italy next week.
Xi says China must strive for great victory of socialism with Chinese characteristics
Railway linking Changchun, Baicheng and Ulanhot in test operation
Zhujiajian resort in E China enters peak tourist season
Rescue work continues in flood-hit Yulin, NW China
Big year for China's military as PLA to celebrate 90th birthday
China's biggest automated cargo wharf to start operation by end of 2017
Hukou Waterfalls in N China enter summer flood period
Chinese research vessel "Kexue" conducts operation in South China Sea
Parents of Hugjiltu displayed the Notice for their state compensation at home on Februaruy 3, 2015.
The parents of a wrongfully convicted and executed young man received about 2 million yuan ($319,792) in compensation from the Chinese government Tuesday Joel Veltman Netherland Jersey , nearly two months after a court cleared their son's name.
Li Sanren and Shang Aiyun, the parents of Huugjilt, who was wrongly convicted of murder and rape 19 years ago, said they would use the money to move their son's grave.
"We have visited a few places and we are planning to relocate our son's grave after the Chinese New Year," Shang said. They added that their main concern at the moment is that those who are to blame for wrongfully killing their son face punishment for their wrongdoings and that the related departments learn the lessons of this case, so that there are no more similar tragedies in the future.
Li and Shang received a call from the High People's Court of the Inner Mongolia Autonomous Region on Monday asking them to go to the court to collect their compensation.
The high court told them that the sum included compensation for the wrongful death Jetro Willems Netherland Jersey , funeral expenses, and compensation for Huugjilt's detention.
Huugjilt, who was 18 at the time of his death, was given the death sentence in 1996, accused of raping and killing a young woman. He was executed 62 days later.
In 2005, a serial rapist and murderer named Zhao Zhihong confessed to the crime. In 2014 Jeroen Zoet Netherland Jersey , Huugjilt's case was reopened with the help of lawyers and social media.
BERLIN, Feb. 22 (Xinhua) -- A collapse of the passport-free Schengen area would have a dramatic effect on economic growth in Europe and put the continent's prosperity in danger, a study by a German think tank showed on Monday.
Reinstatement of internal border controls within the Schengen area would push up production costs and prices, according to the Bertelsmann Foundation.
If border checks were reinstated permanently, economic costs to Germany alone would be up to 235 billion euros (about 258.89 billion U.S. dollars) between 2016 and 2025. For the European Union as a whole, the costs would amount to as much as 1.4 trillion euros over the next decade.
"If Europe's internal barriers go back up Jeremain Lens Netherland Jersey , it will put even more pressure on growth which is already weak," said Aart De Geus, chairman of the foundation.
Even in the most positive scenario, the gross domestic product (GDP) of Germany would drop by 77 billion euros, and that of the whole EU by 470 billion euros.
According to the study, longer waiting times for passport checks would lead to higher labor costs and increase of stocks in companies.
"Both of these factors would result in higher production costs and Jeffrey Bruma Netherland Jersey , in turn, higher prices," said the think tank in a statement, warning that exports, investments and production would also take hits, resulting in less economic growth.
In place for over two decades Jasper Cillessen Netherland Jersey , the 26-member Schengen area has been under tremendous pressure since last year when millions of refugees escaping wars and poverty flooded into Europe.
The endless migration influx forced a number of countries including Germany, Sweden and Denmark to reintroduce controls at their borders, leading to concerns that the symbol of European integration would collapse in the face of the biggest humanitarian and political challenge since the Second World War.
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