Tuesday, November 14, 2006

France Bails Out Airbus

How does 145 million euros sound? France's Airbus (EADS) is in trouble as everyone knows. "Not to worry," says Dominique de Villepin, "Daddy's here."

de villepin
[Thanks to lemonde.fr for the photo.]

(Read the original at lemonde.fr.)

But we expect this kind of market intervention from the socialists. We'd never do anything like that here in the good old US of A, right? .... Right???


Blogger Idaho_Spud said...

Nothing is new under the sun, especially in France! :)

This one took place in my own industry after a French-based company went toe-to-toe with GE and had their butt handed to them.


6:21 AM  

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