Subsidising the Export of Jobs

It is very odd to see that the European Union is assisting in the export of jobs from the European Union to places outside the European Union. I write about the news that the EU has lent (at cheap rates) 80 million Euros to an American business Ford, to improve a plant in Turkey at the same time as when Ford has decided to close a plant in Southampton in order to transfer production that was at that plant to the same factory in Turkey that received the largess of the cheap loan.

Several questions which I am clever enough to figure out the answers myself:- Continue reading