It's the biggest case ever to go before the World Trade
Organization's court. Worth billions of dollars to both Airbus and
Boeing, the subsidy dispute between the US and the EU will likely
take several years and several million dollars to resolve. And the
people who will decide the case probably won't even be judges -- at
least, not full-time judges.
"I went the extra mile for an
amicable solution, most recently last week by proposing an
accelerated negotiation in which I was prepared to offer a
reduction of up to 30 per cent of launch investment to the new A350
– and on tighter terms – in return for a similar offer
on the American side."
Source: EU Trade Commissioner Peter Mandelson
lashed out at the US and at Boeing after after the US filed its
World Trade Organization lawsuit against the European Union over
subsidies paid by EU governments to Airbus.