The planned mega-merger between EADS and BAE appears to have failed, but the blame game between Britain, Germany and France has only just begun. Relations between Berlin and EADS may have taken the biggest hit -- and the aerospace giant's employees might ultimately pay the highest price.
After just 30 minutes, the videoconference was over -- and the great dream seemed to have come to an end, the dream of the world's largest defense company.
Last Friday, advisers from the German, French and British governments met for a decisive meeting. The subject was the planned merger of EADS, the Franco-German aerospace company, and the British defense giant BAE Systems.
The experts quickly got to the point. Prior to the conference, they had consulted with their biggest customers on how far they could go. They had very little wiggle room in their negotiating positions.
Then the inevitable happened: The meeting broke up. And since then, bickering has dominated the proceedings, particularly relating to the question regarding who is to blame for the breakdown of the talks.