EU recovery plans are focusing on environmental investment and manufacturing, but the road is strewn with obstacles
This week the British government revealed its true colours: yes to £1.3 trillion for failed banks, no to £30m for Midlands vanmaker LDV, which happens to be owned by a failed Russian oligarch. New Labour remains in thrall to the financial sector and the City.
Forget Labour's talk about rebalancing the economy to give a greater countervailing weight to manufacturing and green technologies. Empty words. But over here, in mainland Europe, it's beginning, albeit falteringly, to be meaningful. On Sunday, at an emergency EU summit on the toxic asset crisis and protectionism, we may just see how much.
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