Word: euros
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...President Bush also expressed concern. His own antitrust regulators at the Justice Department let the G.E.-Honeywell marriage - a very neatly matched one-stop-shopping combination of jetliner engines and jetliner avionics that scared G.E.'s European competitors - slide through with only minor alterations. Then head euro-trustbuster Mario Monti and his commission had to go and mess it all up for reasons that struck American backers of American business interests (like Rockefeller and Bush) as a little too, well, nationalistic...
...extended to state-supported, multi-national conglomerates like Airbus, on the theory that such entities would not only be able to better compete with titans of U.S. industry, but promote the internal integration of Europe - back to that war thing. Now, with the continent well down the integrationist road, euro-zone trustbusters are back to the original plan: More companies, of approximately equal size, is the way to keep economic power nice and decentralized...
JACK WELCH GE's $45 bil bid for Honeywell too sticky for Euro regulators. Rare dud for Neutron Jack...
...left rebranded itself, the right retrenched. The Tories' abysmal campaign exposed the party as hoary and clannish, with no creative agenda beyond nationalist scaremongering about the euro and asylum seekers. Voters didn't go for it, just as Germans have turned away from the periodic Euro-skeptic and anti-immigrant noises made on the right. The center-right's lurch toward nationalism has disheartened libertarians who believe the free movement of people and capital are core conservative principles. And corruption scandals in numerous countries have damaged conservative credibility...
...Tory leader will undoubtedly hope Labour loses its promised referendum on the euro or fails to improve public services. And if Blair slips after promising so much, the new top Tory at least will have a lot more to work with than Hague ever...