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How Merkel's Attempt to Save Opel Went Awry
Spiegel Online ^ | 01 September 200 | SPIEGEL Staff

Posted on 09/02/2009 4:20:42 AM PDT by lowbuck

German Chancellor Angela Merkel has run into problems with her attempt to save the troubled German carmaker Opel: The US government doesn't want a consortium featuring Russian investors to take over the GM subsidiary. Thousands of German jobs are hanging in the balance as talks drag on.

snip

(Excerpt) Read more at spiegel.de ...


TOPICS: Business/Economy
KEYWORDS: germany; gm; opel
Long read, but, a good overview of how Germany tried, and is still trying to, save a chunk of GM from sliding into liquidation.
1 posted on 09/02/2009 4:20:43 AM PDT by lowbuck
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To: lowbuck

Link has to do with life insurance speculation.


2 posted on 09/02/2009 4:37:50 AM PDT by NavVet ( If you don't defend Conservatism in the Primaries, you won't have it to defend in November)
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To: NavVet

Oops! I hate it when that happens, Bad finger.

Try here:

http://www.spiegel.de/international/business/0,1518,646370,00.html


3 posted on 09/02/2009 4:41:04 AM PDT by lowbuck (The Blue Card (American passport): Don't leave home without it!!)
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To: lowbuck

4 posted on 09/02/2009 5:23:56 AM PDT by Red Badger (The problem with socialism is that sooner or later you run out of other peoples' money...M. Thatcher)
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To: NavVet

The insurance speculation is a really good read. (hint)


5 posted on 09/02/2009 5:48:19 AM PDT by pointsal
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To: lowbuck

Had a gold Opel GT once


6 posted on 09/02/2009 6:16:12 AM PDT by Chickensoup (minestra di pollo)
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