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La Razón - Spain | Thursday, September 17, 2009

Opel sale is revenge on Spain

The conservative daily La Razón suspects the German rescue of Opel, which will probably lead to the closure of the Figueruelas plant in Spain, is an act of revenge by the German chancellor on Spain: "It looks like [German Chancellor Angela] Merkel was just waiting until now to settle a score with the Spanish government for episodes in the past. Perhaps the failed attempt of German energy company E.ON to take over Spain's Endesa [in 2007] has something to do with the dark clouds that are now gathering over the factory in Aragon. If this is the case, however, it would be a mistake to mix two entirely different episodes with such diverging public implications. In this case the only connection between them would be the same mistake: interventionism on the part of governments which disrupts free competition and distorts the market."

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