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Posted on 06/21/2006 8:25:49 PM PDT by Paleo Conservative
PARIS (AP)--French Prime Minister Dominique de Villepin Wednesday said emergency measures are required at Franco-German aerospace company European Aeronautic Defence & Space Co. (5730.FR) "and they will be taken."
Addressing the national assembly, Villepin said the French government "is ready to take all the necessary measures so that EADS ensures its production schedule and supplies its customers properly."
On Tuesday, left-wing lawmakers in France's National Assembly jumped from their chairs, booed and shouted "Resign, resign!" after a visibly agitated Villepin accused Hollande of cowardice. The unusual uproar caused the body's president to interrupt the session.
Wednesday's apology was as uncharacteristic as the initial outburst for Villepin, often praised for his eloquence before a series of crises this spring battered his reputation.
In the Tuesday clash, Villepin grew angry after Hollande accused the government of irresponsibility and questioned him about problems at defense company European Aeronautic Defence & Space Co. (5730.FR), the parent of Airbus.
"Mr. Hollande, I denounce your facile approach - and I will even say this looking you in the eyes - the cowardice in your attitude," Villepin said. "I'll say it again: cowardice."
Villepin appeared to be angry that Hollande was listing criticisms with no proposals for solutions.
French media made much out of the name-calling, with television and radio stations repeatedly running clips of the incident. Although outbursts are frequent in the National Assembly, Tuesday's was of rare intensity.
Villepin called Wednesday for "respect" and "dialogue," and Socialist lawmaker Jean-Marc Ayrault acknowledged the apology.
(END) Dow Jones Newswires
06-21-06 1025ET
If you want on or off the aerospace ping list, please contact me by Freep mail.
Another black hole appears, this one on this very mortal coil, albeit a fiscal one. But dumping money into the black hole may violate GATT rules.
Translation: More subsidies for Airbus?
It's wrong to be French.
Well my friends, I do believe that Mister Villepin may have a point, as he is one of the worlds foremost authorities on...
Cowardice!
.
[2007] "Airbus announces partnership with Boeing"...
France flies insults not airplanes.
I call their new jumbo jet the Spruce Airboos.
IBTBF
Too bad one of them wasn't wearing gloves or carrying a dead fish.
Too bad one of them wasn't wearing gloves or carrying a dead fish.
>>PARIS (AP)--French Prime Minister Dominique de Villepin Wednesday said emergency measures are required at Franco-German aerospace company European Aeronautic Defence & Space Co. (5730.FR) "and they will be taken."<<
Imagine how scary it would be if the story was "large American company in trouble but we are gonna have the government improve the company's management..." It would be bloody horrifying.
Whoa... I don't have a problem with that graphic, but the admins might. Read the label on the wine bottle.
France - - LMBO!
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