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October 23, 2007

EU Court Overturns Protectionist German Law, Citing Basic f'n' Common Sense

I suppose I should be encouraged by their pro-capitalist reasoning.

The court declared two provisions of the "Volkswagon" law to be illegal, in that they restricted the free flow of capital. One law capped shareholder voting rights at 20% regardless of its holdings. The other permitted Germany or some state with a goofy name to place two members on the board as long as they were shareholders.

Both were gifts to labor unions. Currently Porsche holds a 31% share of Volkswagon AG, the largest auto manufacturer in Europe. The EU has been running all over the place smacking other member nations for the same kind of government protectionism.

They are the über-nanny, all up in ya nostrils.

posted by Dave In Texas at 09:45 AM

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Currently Porsche holds a 31% share of Volkswagon AG, the largest auto manufacturer in Europe. The EU has been running all over the place smacking other member nations for the same kind of government protectionism. They are the über-nanny, all up in ya nostrils. posted by Dave In Texas at 09:45 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments pawn (on his new laptop!!!): "So would you rather have him hanging out and messi ..." 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