22 June 2004

See, it's that competition thing

[source]

The French and German Governments do more harm than good when they intervene to protect their own companies, the European Commission has warned.

[…]

France has saved engineering giant Alstom, while Germany has moved to shield Volkswagen from takeover.

“You don’t help industry by protecting it,” [ Internal Market Commissioner] Mr Bolkestein warned.

“This interventionist policy has been tried before and failed.”

Yes, and so they created the European Union to try it again.

Posted by orbital at 7:20 PM | View 0 TrackBacks | Trackback URL

Somehow, "credible" does not come to mind

[source]

The architect of the Clinton administration’s policy towards North Korea has told the BBC the current US approach to Pyongyang is going nowhere.

Ambassador Robert Gallucci stressed the growing danger that North Korea might sell nuclear materials or even a bomb to a terrorist group.

Would that be from the nuclear technology North Korea built while protected by the cover the the Clinton administrations policy?

Posted by orbital at 7:18 PM | View 0 TrackBacks | Trackback URL

Iran sees how far the UK will bend over

[source, source]

Eight British sailors seized in Iranian waters appeared in blindfolds on Tuesday on Iranian television which said Tehran would prosecute the group, as the border incident escalated into a serious diplomatic spat.

Since the UK didn’t make any threatening noises at the seizure, the mullahocracy is going to have a trial. I’m sure the point of this is to see just how far they can go before the UK actually gets serious.

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