Now Ready To Take Off
Thus was struck another of the grand bargains that are building the New Europe. Combining a little bit of ambiguity with a couple of compromises and a great deal of potential, the creation of the new European Aeronautic Defense and Space Co. already looks like a classic of the genre. Despite the last-minute scramble, the French government mustered the political will to cut its 47 percent stake in Aerospatiale to 15 percent of the newly created EADS....