Brussels, 18/12/2003 (Agence Europe) - On Tuesday, the European Commission approved a German proposal to provide public fallback guarantees to "secure" credits granted to finance ships built in German shipyards. The guarantees will be implemented in the five coastal Länder (Niedersachsen, Bremen, Hamburg, Schleswig-Holstein and Mecklenburg-Vorpommern). The scheme introduces the new element of risk differentiation. According to this, different premiums will be charged depending on the level...