GERMANY AID
April 1st, 2003 BY KEITH NUTHALLTHE EUROPEAN Commission has approved the payment of more than Euro 3.3 billion to the German coal mining industry for this year, while also accepting a restructuring plan for the sector that will reduce subsidies and production until 2007. The main beneficiary of the 2003 money will be RAG, which will receive Euro 3.31 billion, while Dr. A. Schaefer Bergbau GmbH gets Euro 1 million and Bergwerksgesellschaft Merchweiler mbH Euro 5.2 million. Production aid will command Euro 2.16 billion of the total pot, exceptional costs Euro 769 million, grants ...
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