Word: electioneered
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The deal, which prevents German taxpayers' money from disappearing into the GM's all but empty coffers in the U.S., was a lifeline few Germans had expected. In the past, Chancellor Angela Merkel's conservative CDU party has steered clear of state intervention in the economy. But as the global...
Some lenders have been galled to see the Democratic Administration, whose party receives millions from the UAW each election cycle, giving a sweeter deal to the union than was offered them. Task-force members counter that other unsecured claims have received even better deals than the union's. Warranties, for...
Although just half of GM's European businesses are located in Germany, Berlin has effectively grabbed control of efforts to save GM's Opel and Vauxhall operations, which GM's board in Detroit this week centralized under Opel's control. But Belgium and the U.K. are no longer willing to...
"I don't even know when they are," says Bas Van den Brule, a 19-year-old student, "and I probably won't vote either." Jacqueline de Kuijper, 21, admits she has no idea what the Parliament does. "I'm not sure I want to spend time finding out," she...
Nonetheless, a PAD party could pose a major challenge to Prime Minister Abhisit Vejjajiva of the Democrat Party, whose ability to hold together his fractious governing coalition appears increasingly shaky amid civil unrest, political conflicts and an economy that contracted by 7.1% in the first quarter of this year. As...