WE ARE ALL TRANSNATIONALIST ON SOME QUESTION OR ANOTHER:

WTO Ruling Calls Airbus Aid Illegal (JOHN W. MILLER and DANIEL MICHAELS, 9/05/09, WSJ)

The World Trade Organization ruled Friday that plane maker Airbus received illegal subsidies from European governments, according to two people familiar with the matter. The WTO said in a confidential interim ruling that the preferential government loans for the A380 passenger jet constituted an illegal export subsidy, these people said. [...]

The U.S. filed its case against the EU in 2004, contesting what the U.S. alleged was $20 billion in illegal support from European governements for Airbus to develop new models. The support was given as loans, known as launch aid.

It'll be fun to watch as those of us most devoted to the idea of sovereignty back the WTO as it rules against our various bail-outs.

Posted by Orrin Judd at September 5, 2009 8:39 AM