EU bids adieu to raison d'être

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It didn't take Nicolas Sarkozy long to make his mark. After a few weeks as French president, he has ...

It didn't take Nicolas Sarkozy long to make his mark. After a few weeks as French president, he has already kissed the European Union goodbye. At the EU summit, Sarkozy managed to tear the objective of free and undistorted competition from the 27-nation union's treaty. It would be easy to dismiss that as mere words, as many of the political leaders who shamefully caved in to the French president's demands did. Easy, but wrong. By ditching competition, the French have demonstrated their ignorance of what makes modern economies work. Worse, they are ripping out what for many countries was ...

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