Tuesday, October 27, 2009

EU - Seeks new ways to invoke protectionism

Many in the EU see a climate change treaty as another tool that can be used to bolster their bloated government controlled economies.

EU leaders seek treaty, climate change deals
BRUSSELS (Reuters) - European Union leaders hope to reach a deal at a summit this week removing the last obstacles to a treaty to give the bloc more global clout, but face a battle over funding for a global climate change agreement.
Failure to break the deadlock would risk leaving the 27-country bloc looking impotent when it is trying to strengthen its role on the world stage and the influence of emerging powers such as China is growing following the economic crisis. Read more.

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