Word: merkel
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...gilded walls of Lancaster House could speak, they would surely have interrupted Monday's meeting there to rebuke Gordon Brown for failing to invite Angela Merkel. Britain's Prime Minister was joined at the elegant mansion in London by French President Nicolas Sarkozy and E.U. Commission President Jose Manuel Barroso to discuss concerted European efforts to tackle the economic downturn, but there was no place at the table for the German Chancellor...
...Marchionne, Merkel and Sarkozy are part of a generation of Europeans who have long advocated the weaning of business from government aid as a way of fostering competition and improving companies, in accordance with the free-market model of the U.S. But now the financial twister spiraling from Wall Street across the Atlantic has overturned things, with Europe trying to keep up with gargantuan state intervention by Washington, first in the banking and insurance sectors and now in the automobile industry...
...plunging consumer demand - new-car sales across Europe dropped 14.5% in October - France's two major automakers, Renault and Peugeot-Citroen, have temporarily shut down production at several plants. Peugeot is expected to present a plan Tuesday to cut 2,700 jobs. In Germany, Chancellor Angela Merkel has been more cautious in response to the crisis, and warned against precipitate state intervention. Still, Berlin is expected to approve up to $1.26 billion in loan guarantees for Opel if parent company GM goes under...
...nothing new in China being touchy on the subject of Tibet, of course. What makes this latest episode unusual is China's failure to call out other European leaders who have met with the Dalai Lama recently - as British premier Gordon Brown did in May, and German Chancellor Angela Merkel did in August. Beijing also has little to say about E.U. officials who will speak with the Dalai Lama during his tour of Europe this month - including officials from the Czech Republic, which assumes the E.U.'s rotating presidency from France in January. So why the exceptionally rough treatment...
...says Brisset. Things have grown worse since China's suppression of riots in Tibet in March, which prompted Sarkozy to call on Beijing to "end the violence" there. Sarkozy suggested he might boycott the opening ceremony of the Beijing Olympics, a course of action taken by both Brown and Merkel. But after French companies in China weathered months of protests and boycotts by infuriated Chinese nationalists Sarkozy turned up at the Games opener claiming that France's role as E.U. president obliged him to make an appearance...