Wednesday, June 21, 2006

Airbus bunfight crashes French Parliament

PARIS, France (Reuters) -- Prime Minister Dominique de Villepin sparked uproar in the French parliament on Tuesday when he accused the Socialist leader of cowardice in a debate over an industrial crisis at Europe's leading aerospace company.

Socialist party members stormed out of the National Assembly and weekly questions were suspended after de Villepin launched a virulent assault on leftist leader Francois Hollande, who had challenged him over shock delays to the Airbus A380 superjumbo. More...
Dominique ended up calling Francois a "coward" and it all nearly descended into fisticuffs if it wasn't for the Parliamentary stewards stopping the whole scene disintegrating into a good barney.

Apparently there is a bit of a backstory to this one though - the co-chief of EADS is busy defending his rather large sales of shares in the company before the recently announced delays as an "unfortunate coincidence".

My my. Now when does the word "coincidence" also include "large stock sales by [Noel] Forgeard, three of his children and other top EADS managers in mid-March"?

He claims he didn't have a crystal ball and that his actions were purely transparent. Yar right bru - if you believe that I have a bridge to sell you in the Sahara.


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