One more "free market" protects its "national champion"

Here is vindication in just a couple of days. I had written earlier abt how Old Europe reacts to hostile bids - this is not racism as much as it is just plain lack of interest in changing with the times. The Spanish reaction to EON Germany's bid for national power utility Endesa is proof of this. Looks to me like EON's bid is a financially stupid one - premium price for the Spanish and LatAm markets - but that is a different topic altogether.