France gives the Germans déjà vu in Australia
The contract for the 37 billion euro submarine project was awarded to DCNS "DCNS of France has been selected as our preferred international partner for the design of 12 future submarines; the commercial terms are subject to further discussion." Good news for the structurally weak region, which Australia's Prime Minister Malcolm Turnbull announced on 26 April against the backdrop of the South Australian shipyard ASC in Adelaide, but bitter pills for the German and Japanese competitors. Shortly before the general election scheduled for 2 July, the Prime Minister was able to promise that "this 50 billion [Australian] dollar investment will directly create 1,100 Australian jobs and a further 1,700 jobs in the...
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