An MMT site bringing you dogma-free economics without the pleadings of self interest
Wednesday, February 11, 2009
EU says France's auto bailout may pose problems
France's proposed EUR 9 billion ($11 billion) bailout of automakers Renault and Peugeot-Citroen is only possible thanks to loans that the U.S. Fed provided to Europe. American taxpayers are unwittingly funding France's automakers while Congressional lawmakers and many continue to demand their destruction.