GERMANY AID
January 1st, 2005
BY KEITH NUTHALL
THE EUROPEAN Commission has approved the German government's Euro 2.7 billion 2005 coal industry aid package, saying it complied with a previously agreed 2003-5 subsidy programme. More than half - Euro 1.49 billion - is for operating aid, Euro 597 million reducing production, Euro 617.5 million exceptional costs and Euro 21.6 million miners' benefits.
THE EUROPEAN Commission has approved the German government's Euro 2.7 billion 2005 coal industry aid package, saying it complied with a previously agreed 2003-5 subsidy programme. More than half - Euro 1.49 billion - is for operating aid, Euro 597 million reducing production, Euro 617.5 million exceptional costs and Euro 21.6 million miners' benefits.
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