Brussels, 28/12/2000 (Agence Europe) - The European Commission has authorised the state aid notified by Germany for its coal industry. As a result, the German industry will benefit from total state aid of DEM 9.2 billion for 2000 and 8.1 billion for 2001.
The Commission's decision requires an unprecedented reduction in the amount of operating aid provided. In its initial notification, Germany proposed the grant of operating aid for 2000 in the amount of DEM 5 billion and aid for the...