That's a story I read in Spiegel Online and wanted to write about for a while now. Because of fierce competition from China and India, ThyssenKrupp decided that a shipyard with a 106-year history was going nowhere. So it sold it to another company which plans to use the shipyard to build steel foundations for marine wind farms. A move like this will no doubt contribute into Germany holding its own in the global economy.
Compare this to Sithanen throwing billions of good money after the dead sugar industry. Any idea what that does to our competitiveness?
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