Brussels, 20/07/2010 (Agence Europe) - On Tuesday 20 July, the European Commission opened a formal investigation procedure into the French 'Aero 2008' measure, which offers exchange rate risk insurance to companies supplying parts to aircraft manufacturers.
“We need to make sure that the French measure does not give some players an advantage over others to cover their exchange rate risk for long term deliveries" said Joaquín Almunia, the European commissioner in charge of competition...