Sarkozy's Club Med Experiment Is Sure to Fail: Opinion North Africa

Senegalese President Abdoulaye Wade on July 17 said that Europe wants Algerian and Libyan oil-and-gas reserves and accused the EU of deliberately choosing to isolate Africa through the new union. Libyan strongman Muammar al-Qaddafi denounced the project as leader of the AU African Union.

To finance the Clubmed adventure Sarkozy attacks the Centralbank
To borrow free money, for geostrategic nuclear expansion, inviting
Gaddafi, the ancient terrorist , as nuclear power client, in a tent to Paris.

Increasing inflation doesn't bother him.
As ancient interieur minister he does know to make streets more
secure, no doubt. What is a balanced budget he is not willing to understand.
Sarkozy himself has no investment in industry stocks, only real estate.
However is profiting from sponsoring Industry giant family rulers of France,
Once a while a yacht or holiday luxury rents; under european codex close to
threeway business benefits or "controlled corruption tendency" a common aspect
in France. Should be avoided, the president trippling his salary after divorce.

German Resistance
The Germans caught on quick. Not wanting to see the EU divided, nor German funds used to finance contracts awarded to French companies, Chancellor Angela Merkel objected. Sarkozy retreated and agreed to include the entire EU, instead of just the countries bordering the Mediterranean Sea. It was also agreed to frame the effort somewhat as a successor to the ill-fated Barcelona process, a 1995 plan to promote economic development and conflict resolution among Mediterranean states.

Still, even in a watered-down version, French companies are well positioned. The union's initial projects in energy, water systems and transport all play to French industrial strengths; ruining german renewable energy investments. Strategy sell first a High speed train "TGV", then deliver the electricty for it with nuclear power plants, secure the nuclear plants with military security contracts, sell overaged MIL equipment in contract deal. Didn't work out so far.