EASTERN EUROPE AID
June 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Commission has approved state aid payments planned until the year 2010 by the Polish and Hungarian governments to their countries' shrinking coal mine sectors. Regarding Poland, Brussels approved its spending of Polish Zloty 6.2 billion (Euro 1.4 billion) in restructuring its coal industry from 2004-6, mainly "financing inherited liabilities". This would fund an "ambitious restructuring programme", wiping out inherited liabilities, closing unprofitable mines, cutting the sector's workforce through early retirement and retraining, and ...
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