GERMANY STATE AID
October 1st, 2001
BY ALAN OSBORNGERMANY'S coal industry is to be allowed to receive Euro two billion, (about DM 4 billion and Pounds 1.2 billion), in state aid from January 1, 2002, to July 23, in 2002, the European Commission has agreed. The grants will cover operating aid of DM 1.9 billion, (Pounds 580 million), aid for the reduction of activity of DM 785 million, (Pounds 238 million), aid to maintain the underground mining workforce of DM 33 million, (Pounds 10 million), and exceptional charges of DM 1.32 billion, (Pounds 400 million). The Commission said the treaty providing ...
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