iwok
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French Non: Any Effect On Airbus?

Thu May 26, 2005 12:33 pm

With the vote (to ratify the proposed EU constitution) due on Sunday and the "non" vote appearing to be in the majority I got to wondering if there would be any sort of backlash against the French interests of Airbus?

For example, could there be pressure to move more facilities to Germany and other parts of the EU? Could there be funding pressure to have new factories built outside of France?

-iwok


"France The Great Debate

By JAMEY KEATEN, Associated Press Writer Wed May 25, 1:38 PM ET
PARIS - Who says Europe's boring? Certainly not the French. The question being asked of them in a referendum — should we ratify the European Union constitution? — has taken France by storm, dominating discussions in cafes, at political meetings and over dinner tables."


Full article
 
JGPH1A
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RE: French Non: Any Effect On Airbus?

Thu May 26, 2005 3:41 pm

I doubt it - this is just one treaty. The whole EU isn't going to fly apart because the French say 'Non'. They'll just go back and write a new treaty, and we'll have another go in 5 years time. I don't think anyone is in doubt about France's overwhelming commitment to the European project, what is at stake is the percieved liberalisation and anglo-saxonnisation of the economic model, which most French people don't want. This would have no impact on Airbus at all, why would it ?
Young and beautiful and thin and gorgeous AND BANNED ! Cya at airspaceonline.com, losers
 
FCKC
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RE: French Non: Any Effect On Airbus?

Thu May 26, 2005 5:10 pm

Totally agree with JGPH1A
 
pelican
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RE: French Non: Any Effect On Airbus?

Thu May 26, 2005 5:22 pm

Considering that Airbus is an European project but not a project of the EU. I would say the answer is no (without the slightest doubt).

pelican
 
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lindy field
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RE: French Non: Any Effect On Airbus?

Thu May 26, 2005 6:08 pm

I think the main effect of the French "Non" and/or the Dutch "Nee" is that the Euro will lose some ground against the dollar in the near term. In the longer term, the dollar will probably continue to fall, given the American economic policies of Bush Administration.

The impact on Airbus in the near term shouldn't be substantial.
 
Leskova
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RE: French Non: Any Effect On Airbus?

Thu May 26, 2005 6:28 pm

First of all, I also don't expect it to have any influence on Airbus.

Quoting Lindy Field (Reply 4):
In the longer term, the dollar will probably continue to fall, given the American economic policies of Bush Administration.

Strangely enough, the Dollar hasn't just been holding very steady against the Euro for quite some time now, but in the last few days/weeks it's actually been gaining some ground compared to the Euro...

Regards,
Frank
Smile - it confuses people!
 
geoffm
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RE: French Non: Any Effect On Airbus?

Thu May 26, 2005 7:00 pm

Quoting Iwok (Thread starter):
For example, could there be pressure to move more facilities to Germany and other parts of the EU? Could there be funding pressure to have new factories built outside of France?

Well, seeing as major parts of Airbus planes are made around the world, I doubt it.

Geoff M.
 
AMSSpotter
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RE: French Non: Any Effect On Airbus?

Thu May 26, 2005 8:04 pm

I, too, don't think a "Non" of the French and a "Nee" of the Dutch will have much effect (if any at all) on Airbus.

I look at it as an employer-employee-union situation. In this case, the European Parliament is the employer, the different EU-members are the union(s) and the people of Europe are the employees. The EU-members have been negotiating with the EU about the European law and came to a principal agreement. Now, just like a union consulting it's members, some European countries consult their citizens.
Should the French and/or the Dutch majority vote "No", the EU-members will have to re-negotiate the current agreement.

Not that they want to: you don't want to know in what kind of way Dutch government is campaigning to convince the Dutch that the only good vote is a "Yes"-vote (85% of MP's will vote "Yes"). The current administration is spending around Eur. 3 million of tax payer's money on a "Yes" campaign.

Some of the arguments:
"The lights will be switched off in the Netherlands" (meaning that it's all "over"; that doom and poverty will be our destiny).
"World War III could be on it's way" (Btw.: this is not the worst argument I've heard because, basically, I think it does make sense).
"They'll laugh at us and we will lose all credibility"
"We'll lose our influence in Europe"
"The subject is too complex for most people and those who say No haven't understood what the new law is about".

How I personally think about this?
Basically, I'm supporting the unification-process of Europe because I do think it will reduce (not eliminate) the risk of Europe once again becoming the victim of people like Adolf Hitler.

I also support the single currency because if a true unification is what we want, a single currency is a must and it's good for the economy of the EU as a whole. The problem in the Netherlands is that the Euro has been highly abused to strongly increase prices (which is why most of the Dutch don't really like the Euro).

I don't believe in what is argued in this Dutch fear-campaign and think the current agreement will just be re-negotiated should the French and the Dutch say "No".
Surely, Airbus will be fine.