When carmakers outsource most of their components, assemble their products in different countries around the globe, are majority-owned by foreign shareholders and sell mainly overseas, does it still make sense to promote them as national champions? Nicolas Sarkozy thinks so, albeit with some controversial conditions. Just before unveiling an $8 billion loan for French carmakers Renault and PSA Peugeot Citroen last week, the French President suggested the aid should be conditional on them packing up their plants elsewhere in the E.U.
Tag Archives: european
Clinton visits Asia to send key message
U.S. Secretary of State Hillary Clinton arrived in Japan Monday to begin a week-long trip through four Asian nations, looking to begin building new international relationships to help tackle some of the world’s toughest challenges. Speaking to reporters en route to Tokyo, Clinton said “going to Asia is, for me, a very big part of how we’re going to demonstrate the Obama administration’s approach to dealing with the multitude of problems that we see, but also the opportunities as well.” Her visits to Japan, Indonesia, South Korea, and China will include discussions on a host of sensitive topics, from climate change to nuclear proliferation
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Sound off: Does ban curb extremism or free speech?
A Dutch lawmaker who made a controversial film about Islam is attempting to beat a ban on entry to Britain where he has been invited to speak in the House of Lords. The UK Home Office said the ban on Geert Wilders, who made the 15-minute film ‘Fitna’ — which paints Islam as a threat to Western society — was in line with its policy to “stop those who want to spread extremism, hatred and violent messages.” We asked what you thought of Britain’s ban on Wilders and here’s a sample