What to do in an Ecomic Crisis? EU: Cut Emissions

October 16th, 2008 By: Michael van der Galien | Tags:

This sounds like a terrible joke. What does the European Union decide to do during times of economic crisis, potentially the worst crisis since the Great Depression (yes, that one also hit Europe)?

Right, cut back on emissions.

What?

Yeah, I’m serious. West European members of the EU want to pass a new treaty that would cut emissions considerably. This while economies worldwide are suffering.

There is good news, however: Poland and Italy have threatened to veto any agreement that would cut emissions in a way that would hurt their economy. Poland, and other Eastern European countries, said they were not quite willing to play ball, with Poland taking the lead in the opposition.

Polish Foreign Minister Radoslaw Sikorski said: “Poland is ready to introduce a veto if there will be attempts to force us to achieve an agreement.”

Poland does not stand alone, however. Italy’s Silvio Berlusconi has sided with the Polish. “Our businesses are in absolutely no position at the moment to absorb the costs of the regulations that have been proposed,” he said.

Meanwhile, Nicolas Sarkozy, French President, commented: “I’m not giving up on the timetable. We’ll strive to find a good compromise within two and a half months.”

Here’s an idea: abolish the existing treaty, for it is no good, and stop talking about another until at the end of 2009, when the current economic crisis will be over and done with.

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