Posted on 11/05/2009 9:30:00 AM PST by Chet 99
-snip-
The announcements came a day after GM, which was struggling with a bankruptcy reorganisation backed by the US and Canadian governments, stunned the auto sector by abandoning the agreed plan to sell Opel to Canadian auto parts manufacturer Magna and state-owned Russian bank Sberbank. Related article: Magna accepts GM Opel sale halt
It said it would restructure the unit itself, just hours after an unwitting Merkel gave a historic speech before a joint session of the US Congress and held talks with US President Barack Obama.
"It is truly tragic," wrote the Berlin daily Der Tagesspiegel, calling the decision a "stinging slap in the face" for the chancellor.
"On the same day Merkel enjoyed her great triumph she also experienced her worst embarrassment. It's a disaster for German-US relations."
Obama's spokesman insisted his government had nothing to do with the about-face. But the Sueddeutsche newspaper was sceptical.
"Perhaps Obama genuinely wasn't in the picture when he received Merkel in the White House, although this doesn't say much for him," it said.
(Excerpt) Read more at news.yahoo.com ...
Well well well... so how’s that Hope/Change working out for you now? How many Krauts showed up to Obambi’s Berlin rock concert?
Would someone in the know brief some of us (me) on what is going on here. There always is a story inside a story and I think some background would be great (at least for me).
“Would someone in the know brief some of us (me) on what is going on here.”
Read the article.
Yes enjoy but the bright side is you do not have to see this worthless Idiot on German TV every minute of the day.
Well, he sure is changing relationships with Europe :( All the change we can handle and then some. Too bad none of the MSM stenographers went off-script and mentioned there is such a thing as "bad change" too. That is one big freaking chicken coming home to roost.
Oh, that's reassuring. /MegaUltraDrippingSarc
"My czar did it. I didn't know. I'm not in charge of my hand-picked guy. I voted present. The buck stops in the woods. Nobody told me.
I didn't do it, nobody saw me do it, there's no way you can prove anything!"
You forgot: ‘It’s above my pay grade!’
Wasn’t this deal part of the bankruptcy charade that Government Motors went through? Aren’t they in violation of that now? (Not that it will matter to Zero).
It was unexpected too.
Not to worry. Another bier summit and the Germans will be all happy again.
/sarc
Perhaps our German friends have discovered what we already know about Bammy - he’s. liar andf not to be trusted!!
Nothing like slapping your allies around for union votes.
Currently it’s only the german taxpayers money. GM got 1.5bn € (~$2.2bn) from german gouvernment for Opel to close the gap until they’re sold to Magna. Now GM has to bayback the german gouvernment until end of november.
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