THE EUROPEAN Commission will be considering whether European Union competition and state aid laws need to be amended, should the EU decide to support the creation of a mutual Eurotime Fund granting additional insurance protection to the continent's aviation industry. The plan would mirror proposals being developed in the US. Ordering the Commission to carry out an assessment, the EU Council of Ministers "agreed on the need to evaluate the mutual fund proposals in the light of the insurance market situation and to reduce government ...

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