Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (14276)	7/9/1998 6:29:00 PM
From: goldsnow	Respond to of 116768

OT :) 9 July 1998 Issue 1140 Paris fears that Americans may take over Eiffel Tower By Susannah Herbert in Paris telegraph.co.uk THE French Government yesterday averted a national crisis of confidence by springing to the defence of the Eiffel Tower, threatened with a brutal transition into the hands of American managers. The intervention came after city councillors pointed out that the company responsible for running the Paris landmark was on the brink of passing from French to American control. Appalled at this threat to the defining image of Frenchness, Philippe Dominati, a conservative councillor, said it was "inconceivable and unacceptable" that the Eiffel Tower should be managed by Americans and called for swift action. His rallying cry - which taps into a deep well of French loathing for "American cultural imperialism" - was dismissed by the French Ministry of Finance, which insisted yesterday that the tower's owner, the City of Paris, will always have the last say in its management. The crisis was provoked by moves to sell the bank, Credit Foncier de France, to an American company owned by General Motors. The bank, largely owned by the French state, has a 50 per cent stake in a smaller firm which has a 70 per cent stake in the Soci‚t‚ Nouvelle de la Tour Eiffel (SNTE). The SNTE markets the tower and welcomes six million visitors a year. Christian Maresquier, managing director, said: "There will be absolutely no change in the management for the Eiffel Tower. The Eiffel Tower is all about people's dreams and we intend to keep it that way."