Now it’s a competition

"The French government said on Tuesday that it would earmark up to euro;6bn ($7.8bn, pound;5.5bn) to a rescue plan for its car industry hit by plunging demand, the credit crunch and a decline in competitiveness."nbsp;nbsp;from: Financial Times

Every new bailout devalues the last by increasing production of cars that need taxpayer funding.

Posted on 01/21 at 10:10 PM.


Tags for this entry: trade policy subsidies automobile france

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