Sunday, February 1, 2009

Uh-Oh!

This trouble spot has been brewing for some time. Germany and France have been bickering over the participation of Siemens in Areva's nuclear operations. After attempting to increase its equity position in order to gain more control over Areva's management, Siemens has now thrown in the towel and is looking instead toward greater cooperation with ... Russia. The switch has implications beyond the world of industry. Here is yet another obstacle to the emergence of a common EU foreign and defense policy. To say nothing of energy policy.