ECSC REPLACEMENT
May 1st, 2001
BY KEITH NUTHALLTHE EUROPEAN Commission has given an indication of the likely size of the average annual budget for a new Research Fund for Coal and Steel, that will replace the spending of the soon-to-lapse European Coal and Steel Community. Brussels claims that it should command a budget of around Euro 45 million. Around 72 per cent will be devoted to the steel industry, with the remaining 28 per cent being set aside for studies into the coal sector. For the fund to be formally set up, the relevant protocol of the EU Treaty of Nice has to be ratified by Member ...
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