SUMMARY
EU finance ministers on Tuesday urged coordinated action to tackle the economic crisis, against a backdrop of increasing criticism over French "protectionist" moves in its auto sector.
With Europe in a growing recession the ministers agreed to work together on ways to deal with their banks' "toxic assets" which are hampering lending.
They also looked at the progress of a 200-billion euro (260-billion dollar) stimulus package designed to kickstart their ailing economies. Overall the cry went out to avoid the temptation of protectionism at all costs.
PERSONAL RESPONSE
I agree with Czech Finance Minister of French because our ambition is to ensure that at the highest levels there should be a clear 'no' to protectionism and French whose country holds the EU's rotating presidency.
I don’t agree with France by name but the European Union's top competition regulator expressed concern Tuesday about France's plan to bolster its auto industry, which has also drawn fire from the Czechs and German industry.
REFERENCE
http://www.bangkokpost.com/business/economics/EUseeks joint economic action.htm
Wednesday February 11, 2009, 12:42 PM GMT +07:00
Content by
Nanthana Thamphetrarak ID.1490102728 Section. 6911 No. 16
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