Wednesday, October 1, 2014

A pocket full of posies would be better than this

Wir sind der Kinder dreien,
sitzen unter'm Hollerbusch
Und machen alle Huschhuschhusch!
Hush, hush, hush...whose money?
The EU Commission said on Wednesday that financial aid worth 456 million euros ($575 million) granted mainly by the German state of Rhineland-Palatinate to the Nürburgring racetrack, which hosts Formula One races, was in violation of EU rules.
When it should have been against Germany's rules?
EU Competition Commissioner Joaquin Almunia said that financial assistance was only allowed if they serve to "restructure a company and help it to become viable again, not keep them afloat artificially." In the case of the famous German racetrack "the aid clearly violated the [EU] rules."
 Putting aside how silly that rule sounds, what's this supposed to mean;
The state of Rhineland-Palatinate has been ordered to pay the money back.
To whom?

No comments:

Post a Comment