WTO slaps EU over Airbus....? God I hope so..

[Kasz216]

fmc83 said:

Kasz216 said:

 

Sorry, but that's complete bullshit.

Both by the rules of the WTO and by the fact that the US is purchasing something... while the EU is just giving subsidies.

As for weapons being overstocked.  All weapons are overstocked....until they're understocked.  You never know how many bombs and planes your going to need until you have a reason to use them.

There is no denying that the EU is by far the biggest barrier to free trade. 

US protectionism had only ramped up in response to the EU protectionism.

The gap used to be worse... the US is unfortunitly closing... but the EU still is the top of the line when it comes to this.

 

Also... the EU also bailed out it's auto industries... with opel and such.

 

Also the bailouts (US ones) were loans... not subsidies.

 

Two little things to get you right.

1. The EU hasn't bailed out anyone (except for some eastern european national banks), it was their different member countries.

2. Opel was before the crisis 100% American-owned company (GM) and got into trouble due to bad management. They still got their 1,5 billion credit by Germany. Actually they now have wasted another 1,1 billion € because they haven't accepted any buyer yet, but have outsorced 65% of there share to a so called trust-fonds.

 

As for the subsidies - you're right on Airbus, but thing it another way.

 

Why does the EU support Airbus? Because they didn't want a quasi-monopoly from Boeing and you can't create such a giant nowadays (all the development costs etc.) without help from the goverment (in this case the EU, respective some of their members in co-operation).

So actually this was the only way to create a market with competition. Ever thought it that way?

Doesn't matter.  If that was there goal they should buy some shit and follow international law.