Snap Quiz

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Essay question:

1. What is the role played by 'planning' and 'markets' in the following
story?

BRUSSELS, July 24 (Reuters) - The European Union on Monday launched a
broadside against proposed U.S. legislation which could block Deutsche
Telekom AG from buying U.S. cellphone group VoiceStream Wireless Corp.

European Commission spokesman Michael Curtis said a measure to close a
loophole permitting acquisitions of U.S. telecoms firms by foreign
companies that are more than 25 percent state-owned would set a
"negative precedent" if it became law.

The measure, proposed by U.S. Senator Ernest Hollings, would have WTO
(World Trade Organisation) implications, Curtis said.

"If this bill were to be adopted it would restrict foreign ownership
in U.S. telecoms firms, which is contrary to commitments undertaken by
the U.S. in the WTO," he told the Commission's daily news briefing.

The warnings flew as Deutsche Telekom, the telecommunications giant
which is majority owned by the German government, announced a $50.7
billion takeover of VoiceStream.


Temps Walker
Sandwichman and Deconsultant