Obama swings deal to save German Auto jobs earlier in week. (On visit today)

-Posted by D. Worth (US) | for- M. Barbay (France)

Airforce One arrived in Dresden, Germany late yesterday; on the 65th anniversary of the D-Day landings/war with NAZI Germany; with plans to visit Buchenwald (Jewish holocaust) with Chancellor Merkel; on a stop-over to France.

Image: AF-one; Dresden, Germany

Article: BERLIN, May 30 (Reuters)
Merkel told reporters:
"I spoke on the phone with the American president yesterday and we were in agreement that we had to do everything possible to come up with a good result for this complicated task... That conversation clearly influenced the negotiations last night."

That helped clear hurdles over financing that had threatened to scupper the entire transaction and allowed GM to agree the deal with Magna about the future of its European operations, of which Opel is the centrepiece.

Like its parent GM, Opel has suffered acutely from world recession. Its fate has gripped Germany, where the auto industry remains a potent symbol of the country's postwar recovery...Read more.

Obama's visit comes at a time of enormous loss, here in France... Including patriotic response to WWll...

Market Currents

Morning Stock Talk

Twitter / investment

Think Liberty... Support Small Businesses

Forbes Market News

European Politics

ECB | Euro foreign exchange reference rates

ECB - European Central Bank

Quick Video News




The DC Video

CNS News

CNS Headlines

I Hate The Media