Business Services Industry
EU, U.S. subsidy talks in nose dive over Airbus loans.
Knight Ridder/Tribune Business News, October, 2004
By David Bowermaster, The Seattle Times Knight Ridder/Tribune Business News
Oct. 1--A high-stakes dispute over government loans to airplane maker Airbus reached a tipping point yesterday when top trade officials from the United States and Europe failed to find common ground.
According to sources briefed on the talks, U.S. Trade Representative Robert Zoellick and European Union trade minister Pascal Lamy could not bridge their differences during what was widely viewed as the last, best chance to find a compromise.
"Any chance of an easy solution probably ended today," said a source close to the discussions.
The issue is coming to a head as Airbus sketches out plans for a jet to compete with Boeing's 7E7, which will enter...
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