ITALY STATE AID
December 1st, 2001
BY KEITH NUTHALLAN ITALIAN state aid scheme designed to help the European Union achieve one of its key post-Erika disaster objectives - the phasing out of old single hull oil tankers - could be blocked by the European Commission, on the grounds that it is too generous.Brussels has launched a formal investigation into the draft programme, which would encourage shipowners to scrap single hull tankers carrying oil or chemical products which are more than 20 years old, by paying them up to Euro 4 million in subsidies.The Commission said that it welcomed the objective ...
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