Word: mandelson
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...Heading the cast is Peter Mandelson, the co-architect of New Labour, recalled by Prime Minister Gordon Brown at the start of October from his post as E.U. Trade Commissioner, and installed in the House of Lords as Baron Mandelson of Foy and Hartlepool to serve as Business Secretary. Sharing top billing is George Osborne, the Conservative Party's azure-blooded Shadow Chancellor, a cherub-cheeked 37-year-old son of a Baronet. Their interactions with each other and with Nathaniel Rothschild, scion of the eponymous banking dynasty, and Rothschild's friend and business associate Oleg Deripaska, a reclusive oligarch...
...omens are not good. Sarkozy has already raised hackles by warning the E.U. would not be able to enlarge without the Lisbon Treaty, and by blaming E.U. Trade Commissioner Peter Mandelson for the Irish "no" vote. He has also vowed to defend the E.U.'s controversial agricultural subsidies, threatening to block any deal at the World Trade Organization that jeopardizes Europe's farming industry. And for someone who sets so much on his emollient charm, Sarkozy still has a grating relationship with German Chancellor Angela Merkel, whose support is crucial if any of the French initiatives are to succeed...
...trade and farm officials haven't adopted the newly negative line on biofuels. Trade Commissioner Peter Mandelson insists that the 10% target is still attainable and argues that the E.U.'s biofuels policy has had only a minimal impact on world food prices. Mandelson has tried to shift the blame to the U.S. and the subsidies that are driving up to one third of its maize crop into ethanol production...
...push a plan that would harmonize investment and trade rules across the Atlantic. And the European Union and the U.S. recently got back together in a new and perhaps final attempt to salvage the World Trade Organization's Doha Round of negotiations. "We are in the endgame," says Peter Mandelson, the E.U.'s Trade Commissioner...
...been a disappointment." TRADE-OFF Europe is due for withering criticism this week as crucial World Trade Organization (wto) talks get under way in Hong Kong, since Brussels' concessions on farm subsidies and tariffs weren't enough for the likes of the U.S., Australia and Brazil. Trade Commissioner Peter Mandelson wanted to go further, but Paris made it clear that if he promised too much on agriculture, France would veto a final wto agreement. Mandelson had hoped his offers on agriculture would kick-start negotiations on trade in services and industrial tariffs, but the talks barely moved. European farm protection...