"Super-Sarko's Plans for the World"
Gideon Rachman, Financial Times | October 22, 2008
National governments of the EU have dealt with the financial crisis, ignoring the power of EU institutions. ++ State aid laws have been neglected aiming to “prevent EU governments from subsidising national companies.” ++ President Sarkozy is calling for tighter “supervision of the international banking systems” and for a “crackdown on international tax havens” based on the the fear of unfair tax competion between nations. ++ The US and Asia shouldn't adhere to EU calls for new rules offhand, since the EU is disregarding its own core policies.
