Devastating by nature. A section of the press presented the recent communication by the European Commission on industrial policy (see this column yesterday) as an element in the quarrel between protectionism and liberalism, because Vice-President Verheugen explained that he was rejecting protectionism, interventionism and subsidies. This presentation boils things down a bit too much; the Commission's document is far more than that. The Vice-President of the Commission above all reaffirmed...