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Report: Germans in turmoil over Opel aid as neighbours offer cash
Published in Saudi Press Agency on 21 - 11 - 2009


The new German coalition government led by
Chancellor Angela Merkel is in turmoil over the issue of state aid
for Opel, while other EU states with Opel factories have pledged more
than a billion euros (1.49 billion dollars), a magazine report said
Saturday, according to dpa.
The news magazine Der Spiegel said that ahead of a visit by new
General Motors Europe chief Nick Reilly to Brussels Monday, Spain,
Britain, and Belgium have offered between 300 and 500 million euros
each to help bring the Opel back to profitability.
According to the report, Britain has said aid of some 400 million
euros was feasible, Spain has said it would find a similar amount,
Belgium bid some 500 million euros, and Poland has offered tax
incentives.
However on Saturday German Economy Minister Rainer Bruederle, of
the liberal Free Democrats, repeated his opposition to offering GM
government money for Opel.
This month Detroit-based GM controversially reversed its decision
to sell Opel, and has said that it needs some 3.3 billion dollars in
European state aid to fix the carmaker based in the western German
town of Ruesselsheim.
Opel employs some 50,000 people in Europe, half of them in
Germany. GM has voiced its intention to cut around 10,000 jobs across
the firm.
The FDP"s opposition to state money for Opel however has brought
the party into conflict with Merkel"s CDU. In the German state of
Nordrhein-Westfalen, CDU state premier Juergen Ruettgers faces an
election next May, and has urged state money to be spent to save jobs
at the Opel plant in Bochum.
Bruederle told the German Press Agency dpa on Saturday that "it is
in the interests of all the (EU) states involved to avoid a subsidy
war."
On Monday Reilly is due to meet with EU economy ministers and EU
Industry Commissioner Guenther Verheugen, who is known to be against
state help for Opel.
Earlier this year the German government came in for criticism by
the European Commission for offering financial assistance to Opel"s
erstwhile buyer Magna, because it would have involved fewer job
losses specifically in Germany.
Verheugen told Spiegel that "state aid is an intervention in the
market and, for that reason, ruled out. Exceptions can be agreed with
the commission - as long as they are not connected with political
preconditions. You can"t connect it with the keeping of jobs in a
particular location," he said.


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