AUTO DEALERS GET EIB RECESSION LIFELINE – BUT WILL IT BE ENOUGH?
March 1st, 2009
BY KEITH NUTHALL
THE EUROPEAN Union (EU) is a complex set of institutions and so it will not surprise European auto executives that the EU response to the financial threat they face has been anything but simple. It is so much simpler in the US of course: there the federal government can actually talk about bail-outs, without looking over its shoulder at critics from abroad. Not so the EU. Its institutions' freedom of action is hedged by treaties designed to limit their authority, protecting the independence of member states. In particular, the EU not only has to ...
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