* 1945 Several nationalisations in France, including most important banks and Renault.[6]
1982François Mitterrand's alliance with Jean-Pierre Chevènement's Socialist Party faction CERES, committed France to an explicitly socialist ‘rupture with capitalism’. Full nationalisation (100%): the Compagnie Générale d'Electricité, the Compagnie Générale de Constructions Téléphoniques, Pechiney-Ugine-Kuhlmann, Rhône-Poulenc, Saint-Gobain-Pont-à-Mousson, Thompson-Brandt. Partial nationalisation (51%+): Dassault, Honeywell-Bull, Matra, Roussel-Uclaf, Sacilor, Usinor. Thirty-nine banks, two financial houses, and the remaining 49% of the SNCF were also nationalised, taking the size of the French state to unprecedented levels within a year of Mitterrand's election as President in 1981.
