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Europe Daily Bulletin No. 8996

23 July 2005
Contents Publication in full By article 28 / 51
GENERAL NEWS / (eu) eu/state aid
Commission authorises Dutch guarantee scheme for shipbuilding

Brussels, 22/07/2005 (Agence Europe) - This week, the European Commission authorised a Dutch state guarantee scheme for financial institutions providing loans to Dutch shipyards to finance shipbuilding. Guarantee premiums will be charged, varying according to the loan risk, to cover the risks of payments and the administrative costs generated by the scheme. Consequently, the scheme should be self-financing and therefore does not constitute state aid and does not risk distorting competition...

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