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
Filed under: climate change | Tagged: economy, european union, exporting jobs, Ford transit, lending, southampton, subsidy | 3 Comments »
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