EU approves 197 mln eur restructuring aid to France's Imprim

mkpdavies · 20-07-2005, 06:22 PM

http://www.forbes.com/home/feeds/afx...fx2147499.html

Quote:

BRUSSELS (AFX) - The European Commission said it has approved 197 mln eur in restructuring aid to be given by the French government to state-run printing company Imprimerie Nationale (IN).

The commission said the aid will be used to 'restore the company's long*term viability'. It added the aid does not distort competition.

No, heavily subsidising failing businesses never does distort competition. All those print companies that have run a tight ship and run at profit must be overjoyed to see a fat, flabby company will now be able to undercut them with a little help from the EU/France.

No distortion there.

C_steam · 20-07-2005, 06:24 PM

How's this going down around Longbridge, I wonder?

mkpdavies · 20-07-2005, 06:54 PM

Exactly.

20-07-2005, 06:54 PM	#3 (permalink)
mkpdavies Uber Member Join Date: Sep 2004 Location: Woking Posts: 30,832 Party: Libertarian Party	Exactly. __________________ http://brits4ronpaul.blogspot.com/ http://wokinglibertarians.blogspot.com/ http://lpuk.org My ignore list Labour, Blue Labour, Lib Dems

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20-07-2005, 06:24 PM	#2 (permalink)
C_steam Super Moderator Join Date: Oct 2004 Location: Paddling up 5hit creek..... Posts: 7,704	How's this going down around Longbridge, I wonder?