GM gives Europe a lesson

After General Motors' surprise announcement that it will not sell Opel, the gambling over how to rescue the company's European plants has started. Although national interests are at stake here Europe must not repeat the mistakes it made at the start of the crisis, writes the daily De Standaard: "Against all odds Europe now has a second chance. Until now the Union was ignominously absent, leaving its member states to outbid each other for the available jobs. This unglamorous chapter must not be repeated. Of course the boldfaced Americans are only interested in their own profits, but they've also given Europe a lesson. Restructuring the car sector continues to be an extremely painful matter. But success is only possible on the basis of industrially viable projects. Once Europe wakes up to this shock therapy, the Opel saga must not necessarily come to a bad end."

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