Word: europeanization
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...George Papandreou has put tax reform at the heart of his austerity plan, and says his government is serious about fixing the roots of his country's current economic predicament. He says Greece will tackle its deficit without the deep government-wage or job cuts that other heavily indebted European countries, like Ireland, Spain and Portugal, have recently announced. Instead, Athens will pursue tax evaders. "Greece's problems," Papandreou told journalists at a press conference marking his first 100 days in office, "are due to waste, corruption and lack of respect towards...
...major automaker won't start for at least a year or so. Renault looks set to be the first off the line, with plans to roll out four mass-market models in 2011 and 2012. And then there's the problem of the lack of a universal charging standard - European countries have yet to agree on a single plug and socket for electric cars, a process that could take years. And some analysts still question whether there will be enough demand for the vehicles - and if governments will pony up the necessary financial incentives to make them attractive to buyers...
...effort to prove who's the greenest of them all. Spain aims to have 1 million electric or hybrid cars on the road by 2014 (though it hasn't specified how many of each). Britain is trying to persuade Japanese automaker Nissan to make its Sunderland plant the European base for its little electric car the Leaf, and London plans to have 25,000 charging stations hooked up to the grid by 2015. France has put big money into building a countrywide network of charging stations, as well as a plant to produce electric-car batteries. Not to be left...
...then there's the lack of a standardized European plug and socket. Germany, with Renault's support, is pushing its seven-point version to be the standard, but other countries have their own ideas of what the connectors should look like. "Because Europe is fragmented and countries are putting forth their cars, it's going to be more difficult to come to a federal conclusion," says Calum MacRae, an automotive expert with PricewaterhouseCoopers in London. "Obviously, if you standardize [the connectors], you bring the cost down." And when it comes to selling the public on electric cars, price will...
...Hohenlohe also points out that additional athletic exposure can only help Mexico. "I've also created a lot of publicity in European countries for Mexico," he says. "When people are sitting in their houses in Sweden, thinking how cold it is, they think, 'Wow, this guy is from Mexico. Maybe I should go to Cancun or Acapulco to visit it.' I've done a lot for the country too. It's give and take...