Since a few days ago I thought GM stands for Gerneral Motors, but I’m afraid I was wrong about it. I think it means “Great Manipulator” really.
Here are the reasons:
1) promising tons of money for retirements, which have proofed to be unbearable, GM has gone bankrupt and now the governement has to “guarantee” the retirement payments (IIUC)
2) GM has black-mailed all EU governements to pay subsedies for Opel factories. Well at least the German minister for economy has simply refused it and guess what has happened. GM will get along WITHOUT subsedies or debt-gurantees.
Well this was the first time in two years that the black-mailing has not worked. I wish it hadn’t worked likewise 2 years ago.