To leave François Hollande holding the full responsibility of Alstom planned decline is unfair. It is the result of more than twenty years of strategic mistakes made by its CEOs. But since, in 2004, Nicolas Sarkozy helped the group to avoid bankruptcy and gave it the possibility to rebound, the green light given by the state in 2014 to the deal settled with General Electric (GE), which was not asking for so much, has constituted a fatal mistake. Belfort closure, which is an emblematic site of the company where, during the past, were brought together activities related to transport ...