EUROPEAN UNION, Coal industry after the ECSC
Article from: OGEL 1 (2003), in For the Practitioner
The Council has adopted a Regulation (with Denmark and Sweden abstaining) establishing a new framework for national aid to the coal industry after the expiry of the ECSC Treaty on 23 July 2002. The Regulation specifies the maximum intensity of aid in relation to costs incurred and the phasing out of aid over time, consistent with the general trend towards a reduction in state aid. It is intended to encourage further efforts to restructure and scale down coal mining, while also making allowance for social and regional factors. The categories for which aid will be ...