Collapsing markets prepared for nationalisation wave

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Collapsing markets prepared for nationalisation wave

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Canada's Prime Minister Justin Trudeau, Prime Minister Boris Johnson, Germany's Chancellor Angela Merkel, European Council President Donald Tusk, France's President Emmanuel Macron, Italy's Prime Minister Giuseppe Conte, Japan's Prime Minister Shinzo Abe and US President Donald Trump meet for the first working session of the G7 Summit in Biarritz, France. | Jeff J Mitchell/PA

European governments are scrambling to combat the impact of the coronavirus pandemic on their populations and their economies. Although much of the intervention has been through fiscal policy and debt markets, countries are investigating taking companies back into public ownership to prop them up.

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