Wednesday, April 09, 2008

Insider dealing at the Airbus parent.

The report in today's IHT, linked here, on a leaked document from Autorité des Marchés Financiers, or AMF, against 17 individuals who it says reaped a combined €20 million, or $31.4 million, in profits while having access to insider information should be read in full for it also contains criticism of the two largest corporate shareholders who each sold off some 7.5 per cent of their shareholdings. The whole rotten EU construction is supported by European controlled big businesses who must be held as accountable as Microsoft if there is the be the slightest chance of the EU continuing to be tolerated in the disastrous event of the Lisbon Treaty being fully ratified. The Airbus is one of the corrupt EU flagship projects, if it is seen to be publicly subsidised for the occasional improper benefit of the French Corporate giants Lagardère and the German carmaker Daimler then there will be even less reason for individuals to suffer the growing regulation and economic degradation caused by the activities of the bureaucratic monstrosity that is the EU. Surely the elected representatives of the people in one of Europe's parliaments is sufficiently attuned to reality to kill off this Lisbon Treaty or are they all well and truly BOUGHT? Every day, as recorded on this blog, the evidence builds that the EU is Europe's and possibly the world's worst enemy. In good times a resigned shrug might be understandable, but today with a looming world food crisis, energy price spiral, credit crunch and house price collapse each EU member state needs one person properly in charge and accountable, poor Britain only has Gordon Brown so they seem worse placed than most! Instead the EU looks set for months of power struggles as the three Presidents battle for their positions in the pecking order, only by kicking out the Lisbon Treaty can such a farce be avoided. More of this appeared on Euractiv yesterday, linked here, titled "The Lisbon Treaty: Playing Presidential poker?"

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