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Europe
France to get first cash from EU globalisation fund
2007-06-26
The European Commission on Monday approved the first two payments of cash from a new EU fund aimed at cushioning the impact of globalisation.
Whose cash?
Small companies that supply French car makers Peugeot-Citroen and Renault will receive 3.8 million euros (5.1 million dollars) to help "workers made redundant due to company failures in a climate of changing global trade patterns," the EU executive said. Commission spokeswoman Katharina von Schnurbein said the money would be disbursed once EU member states and the European Parliament gave their approval, which could take "three or four months."

The fund was set up at the end of last year to help workers who lose their jobs because of globalisation get back to work. Schnurbein said that other candidates for cash from the fund were "in the pipeline," including the Finnish telecoms sector and textiles workers in Malta.
Posted by:Seafarious

#9  This is crazy.


The French should be free to prop up their failing (because they keep getting propped up) businesses, by transferring money away from their successful business, but why should more sensible countries pay?

EU delenda est!
Posted by: Bright Pebbles   2007-06-26 21:06  

#8  #7 'moose - France as Lucy jerking the football away, and the other EUnich nations as Charlie Brown yet again trusting her not to do that (which of course she does)?

I like it. :-D
Posted by: Barbara Skolaut   2007-06-26 18:20  

#7  This is hilarious. The French have managed to turn the EU into a cash cow. It is the only thing propping up what should be a minor, agrarian economy.

In essence, it is the "four square" problem, where France continually tries to convince every other nation that they should cooperate and split the money, but France never cooperates, so it ends up getting most of the lucre.
Posted by: Anonymoose   2007-06-26 17:49  

#6  "...from a new EU fund aimed at cushioning the impact of globalisation."
read as, Trans-Eurpoe bailout of Airbust and other failed socialistic jobs programs.
Posted by: USN, Ret.   2007-06-26 14:47  

#5  A trickle at first, to distract the watchdogs. Then the flood.
Posted by: Seafarious   2007-06-26 13:13  

#4  3.8 million euros (5.1 million dollars)

That doesn't sound like an awful lot of money. But the announcement will sooth those whose so upset by President Sarkozy's moves to loosen employment laws.
Posted by: trailing wife   2007-06-26 13:11  

#3  :(
Posted by: Seafarious   2007-06-26 12:41  

#2  Whose cash?

Well, partly, mine :(
Posted by: Tony (UK)   2007-06-26 12:39  

#1  Oh fergawdsake, why not make it easier to start new businesses and hire workers? Nah, too "American".
Posted by: Spot   2007-06-26 08:25  

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