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Europe Daily Bulletin No. 9141

1 March 2006
Contents Publication in full By article 16 / 49
GENERAL NEWS / (eu) eu/social/budget
European Globalisation Fund provides additional help to those made redundant because of globalisation, but not to companies

Brussels, 28/02/2006 (Agence Europe) - On the initiative of Commission President José Manuel Barroso and Social Affairs Commissioner Vladimir Spidla, on 1st March the European Commission is due to adopt its draft regulation on the creation of a European Globalisation Fund. The maximum amount of expenditure from the Fund will not exceed 500 million euro, to be found from within existing budget lines, said a reliable source. This Fund seeks to provide additional assistance to workers made...

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