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Europe's Dirty Secret.

Newsweek International

| April 29, 2002 | Theil, Stefan; Dickey, Christopher; Nadeau, Barbie; Ghazvinian, John | COPYRIGHT 2002 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

"Help, we're living in a banana republic!"--German weekly Die Zeit

The smoke spewing from the Leuna oil refinery in eastern Germany is cleaner than it used to be. In the bad old days of communism, it stank up the air, polluted the water and nobody cared. Today a different sort of foulness lingers. In a personal deal between former chancellor Helmut Kohl and the late French president Francois Mitterrand, Leuna was sold in 1992 to France's oil giant, Elf Aquitaine. To help rebuild the plant, the Germans plunged euro 750 million into the company--and euro 40 million of Elf's money promptly disappeared into the private accounts of two German lobbyists with ties to ...

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Source: HighBeam Research, Europe's Dirty Secret.

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