France and Germany, the twin economic engines of continental Europe, will not let their auto industries flounder amid the financial meltdown and economic crisis, French President Nicolas Sarkozy said Monday. Sarkozy and German Chancellor Angela Merkel said they agreed during talks that coordinated action was key to addressing the economic downturn, even if different measures were used by Paris or Berlin Full Story »
Posted by Jessica Volpe
Straight press event reporting with little context and no sources beyond the two speakers. The information it does give is interesting, but I just need to know more.
The EU members are comparing notes to make a response to the global recession, but it appears to be an action in response to US proposed moves.
This article was informative about what is happening in Europe in terms of the auto industry and what France and Germany are doing to help out their auto industry. There are quotes from the President of France as well as the Chancellor of Germany which helps to support what the article is saying that each country will do to help aid their auto industry. It also touches upon what the US may be doing to help out their auto industry which helps to bring the article to a more broad and worldwide audience.
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