I was inspired to do this by an article in 'The Wall Street Journal Europe' of Thursday Nov. 8th. It was in the opinion section. I´ll try to get a link posted if requested.
The original topic was the SABENA demise and then this part got me going through the roof while reading it at university today. Here´s the part:
"And while the Belgian government, the company´s management and it´s unions
(I disagree here) all played a part in bringing about Sabenas´s demise, there is one player whose role should not be forgotten.
In the wake of the September 11 attacks, the subsequent downturn in air travel and the U.S. government´s $15 billion airline-industry bailout, the European Commission came under considerable pressure to lend a hand to Europe´s own airline industry, or at least to allow member states to save their flag carriers. For the most part, however, it held the line on its rules against state aid, and it deserves praise."
from: wsjeurope 11/8/2001
It deserves praise?
Why on earth does it deserve praise for willingly putting thousands of people out of work? I am for fair competition, but this is sick. The EU was created to bring somethting good to the people, by now I doubt that.
Why are people so narrow minded when it comes to state aid?
Now, no government should totally own an airline company but it should not be limited to a certain figure. If every gov. can do it it´s fair again. Especially if the money is intended to help saving/creating jobs. I even DEMAND state aid in that case, and if the EU and little Layola want to prevent that, then we must get rid of them (yes, I know i go too far and the EU process is irreversible) and I want my taxes back, because that´s the way I want to see my money used by the state! To help create/save jobs.
The article closes saying:
"Only by keeping its cool as other airlines are forced into restructuring -or worse- can Europe hope to move toward an economically rational airline industry."
I could not disagree more!
As you may have noticed I´m somewhat emotional on this but let me tell you I also reviewed all this with the rational portion of my mind and come to the same conclusions. And after all, that´s to a great bit what I study (geography/economics).
Looking forward to read your thoughts / comments on this.