Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-07-07-Speech-1-113"
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"en.20080707.17.1-113"2
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"Madam President, the WTO dispute between Airbus and Boeing is nothing more than a bad joke. The Americans are trying to oppose the superiority of Airbus by any means possible, even resorting to the courts. However, while Airbus has received repayable financing, Boeing is collapsing under the weight of funding from different countries, and particularly under the enormous weight of military research. This is why the Dreamliner is the most subsidised aeroplane in the world.
What is really behind the unfair competition in this case is the weak dollar. Unfortunately, the US is complicit in this matter with the European Central Bank. The real question, therefore, is whether or not Airbus will continue to design and manufacture its aircraft in the euro area. To say yes would mean the European Central Bank being at the beck and call of industry, rather than refinancing investment banks without any guarantee of repayment. To say yes would mean creating a sovereign European public fund, which would replace the private shareholders of EADS, who have shown their inability to develop a relevant industrial strategy, instead preferring to protect their dividends.
Replacing the A320 with an aircraft offering a 20% fuel saving will only be possible with the kind of investment that the shareholders are unwilling to make. Europe needs a strong EADS group that is 100% public-owned if it wants an industrial policy that is able to provide it with its own energy-efficient air transport."@en1
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