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8/24/05

Scotsman.com News - Opinion - Mandy losing grip on world economy

NEWS.Scotsman.com

Mandy losing grip on world economy

PETER MANDELSON, EU Trade Commissioner, is in danger of pulling off the political coup of the last half century: he's possibly going to be responsible for the ordinary people of Europe realising the ludicrous extent of the EU's ineffectiveness and inefficiency. Due to Mandelson's muddling, millions of pounds', or euros', worth of winter clothing - sweaters, underwear, men's trousers etc - bought from Chinese manufacturers by clothes shops in the UK and Scandinavia, are locked up in container terminals. Retailers are worried that from next month there'll be the same sort of clothing shortages as were experienced during the Second World War. At the root of this stupidity is a combination of inefficiency, a lack of democratic accountability and the growth of the global market. But the man who's supposed to understand these trade winds of change, and who's paid a king's ransom to manage them as an EU Commissioner, is Tony Blair's nominee, Peter Mandelson.

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