GREEN PRODUCTS CAN RECEIVE SPECIAL RECESSION LOANS SAYS BRUSSELS
February 1st, 2009
BY KEITH NUTHALL
MANUFACTURERS of 'green products' can receive special temporary low interest loans from local, regional and central governments over the next two years, the European Commission has signalled. In a departure from standard European Union (EU) subsidy rules, that would ban such payments, Brussels has approved such a scheme in France. This indicates it would allow these green subsidies in all EU member states during the recession.
ENDS
MANUFACTURERS of 'green products' can receive special temporary low interest loans from local, regional and central governments over the next two years, the European Commission has signalled. In a departure from standard European Union (EU) subsidy rules, that would ban such payments, Brussels has approved such a scheme in France. This indicates it would allow these green subsidies in all EU member states during the recession.
ENDS
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