Word: european
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...Such talk of repatriation is supposed to be anathema in the European Union, where the internal market is a core, treaty-enshrined ideal. But Sarkozy's protectionist language ripped off the veneer of European unity over the economic crisis. "The French have signaled that they are willing to do things they know are illegal under E.U. law," says Katinka Barysch, Deputy Director at the London-based Centre for European Reform (CER). "But if one E.U. country goes down this route, others will feel they have to follow...
...package was announced the day Peugeot Citroen revealed 11,000 job cuts worldwide. Sales at German firms such as VW, Europe's biggest carmaker, dropped 16% in January, BMW, the world leader in luxury autos, was down 22% and Daimler AG's Mercedes unit fell 35%. No surprise that European carmakers are pleading for an immediate $19 billion cash injection from...
...stumped up $5.1 billion in public cash to bail-out car firms; and Germany has set aside $1.9 billion to pay owners to junk their old cars and buy something new. At the same time, the U.S. government has handed $17.4 billion to GM and Chrysler, a move that European carmakers say leaves them at a competitive disadvantage. (See pictures of the remains of Detroit...
...proliferation of national measures has alarmed the European Commission, which fears that France and others will use the downturn to undermine market and competition law. Commission President José Manuel Barroso pledged to scrutinize the French plan to make sure it worked "with the grain" of E.U. rules and maintained the integrity of the single market. "Some think that retrenching within their own group, their own region, their own country is the right response," he said. "But this carries the risk of unilateral reactions leading to a vicious downward spiral...
...Gomes, Vice-Chairwoman of the European Parliament's Subcommittee on Security and Defense, and the spearhead behind Lisbon's effort to lead the way on the issue, says resolving Guantanamo is in Europe's own interests. "It is important strategically to improve transatlantic relations," she says. "With Obama the attitude has changed so the allies now can get together. It is also important politically for the West to be championing human rights." And there's perhaps no country better to do that than one which understands what it means when human rights are trampled...