SPANISH AID
December 1st, 2001
BY KEITH NUTHALLTHE EUROPEAN Commission has authorised the Spanish government to grant aid up to a maximum of Euro 1.07 billion, (ESP 178 billion), to its coal industry for the past year, (2001). Brussels has accepted the particular problems facing Spain's coal sector - with some mines that produce coal that is competitive with imports and others that are very costly - by allowing Madrid to finance operational aid as well as structural reforms.As a result, EU energy Commissioner Loyola de Palacio, has authorised:*Operating aid of Euro 275 million for 42 mines ...
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