The government will lend £5m to the Deripaskacontrolled ailing vanmaker. The state support means taxpayers may well end up owning a bunch of trucks. But at least the UK s statebacked banks weren t coerced into helping against their better judgment. That s a good precedent.
Roads & Transportation
The Italian government behaved disgracefully last year when it blocked a merger between Autostrade and Spain's Abertis by throwing the tariffs up in the air. After pressure from Brussels, the Prodi government has finally agreed new tariffs with Autostrade only for them to be damned by its own advisory body.
The Eurostar is inaugurating its new, faster LondontoParis line the day French transport workers are going on a massive strike against Sarkozy s pension reform plans. British engineering has finally caught up with gallic highspeed train technology, but the French railway operator s unions are still looking backward.