Brussels, 08/03/2011 (Agence Europe) - After an in-depth inquiry begun in 2009 and thanks to information provided by the French authorities, the European Commission concluded, on Tuesday 8 March, that the state guarantee, Aero 2008, established by France to cover the exchange rate risk for aeronautic suppliers, is in line with market conditions and does not therefore constitute state aid within the meaning of European Union law.
The guarantee, managed by Coface, one of the main French...