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Süddeutsche Zeitung - Germany | Tuesday, May 26, 2009

Opel is everywhere

If the German state helps one company it must help them all - after all, we're talking about jobs here, the left-liberal daily Süddeutsche Zeitung writes commenting on government aid: "The crisis at Opel and its parent company General Motors is mainly home-made, the consequence of mistaken products; and it was compounded by the fact that for years there have been too many carmakers in this world. So it has little to do with the distortions on the financial markets. But Opel owns four plants in four German states - and thus has a certain blackmailing potential. In the end the government is likely to give in to the pressure and - even if the minister of economics doesn't like the idea - grant billions in aid. [German Economics Minister] Karl-Theodor zu Guttenberg, foresees that the state will put itself in a precarious position: If it helps one company it will have to help all the others; if it saves thousands of jobs in Rüsselsheim and Bochum it will have to do the same elsewhere. Then Opel will be everywhere."

» To the complete press review of Tuesday, May 26, 2009

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