EU at it again - Mercedes-Benz Forum

 
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post #1 of 2 (permalink) Old 02-22-2009, 05:18 PM Thread Starter
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EU at it again

Just say no.
The audacity of the EU socialists in warning the US against protecting its automobile industry is ...... no longer outrageous given the past practices of the EU.


Quote:
The Associated Press: EU leaders back sweeping financial regulations

EU leaders back sweeping financial regulations

By PATRICK McGROARTY – 1 hour ago

BERLIN (AP) — European leaders mounted a united front against the global financial crisis Sunday, proposing sweeping new market regulations, but it remained unclear whether economic giants like the United States and China would go along.
...
"Europe will own up to its responsibility in the world," Merkel told reporters following the talks.
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However, analysts say other G-20 members, including the U.S., China, Japan and developing nations like India and Brazil, might not share Europe's zeal for blanket global regulations.
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Even the global crisis and a change of administration may not be enough to convince the U.S. to hand over its autonomy.

"I see the U.S. as wary of giving away powers of oversight and regulation," said Robert Brusca of New York-based Fact And Opinion Economics.
...

Merkel's proposal envisions giving increased powers to the IMF, which the leaders agreed needed to receive double its current funding in order to help members respond "swiftly and flexibly" to a crisis.
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That could prove complicated unless the U.S. agrees to cede the needed authority to the IMF to make it effective, analysts say.

"The IMF is a policeman without a whistle, let alone a gun," Brusca said. "I see more international cooperation as essential but still difficult."
...
Merkel also warned the United States to avoid protectionism in its automobile market.
...

"We look forward to continuing to work through the G-20 process with our colleagues in Europe and the world to put in place sound regulatory regimes so such a financial crisis does not occur again," said U.S. Treasury Department spokeswoman Heather Wong.
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post #2 of 2 (permalink) Old 02-22-2009, 06:32 PM Thread Starter
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...


Quote:
http://www.nytimes.com/2009/01/27/bu.../27airbus.html
PARIS — France will guarantee up to 5 billion euros in loans to help airlines finance the purchase of aircraft, a move squarely aimed at helping Airbus and its parent company, European Aeronautics Defense and Space, maintain production during the current credit crunch, officials said Monday.
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