FRENCH U-TURN DRAWS STING FROM WEEKEND EUROPEAN SUMMIT
March 1st, 2009
BY KEITH NUTHALL
BRITISH dealers of France-made cars can breath a sigh of relief in the knowledge that their suppliers are not going to become a swift victim of the credit crunch, with the European Commission approving a Euro 6.5 billion bail-out package drafted by the French government.
This had been highly controversial across the European Union (EU), because Paris had been planning to tie this support to a pledge not to close plants in France during the current slump and use French suppliers. Other EU governments and the European Commission had argued this ...
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