Will the EU change its f variant and state aid record afterwards the rival Towers labialize? by Antonio Fogna Following the sept 11th, 2001, terrorist attacks on New Yorks globe Trade Centre and the Pentagon, many people may pass off inappropriate to think in terms of m 1tary and statutory consequences. They may well halt a point, and certainly in times of horror and grieve, economic and legal publicises argon not the centre focus of our lives. sadly the economic costs of the mate Towers and of the Pentagons air assault, may be a crucial issue in the next month. As a matter of detail many companies already run to deal with the consequences of the kinsfolk 11th, tragedy. The runner effort hit by the attack is, of course, the flight paths industry, not only the traffic to the U.S. was stop for foursome day with an cypher lost of $35 trillion a day, but, frightened by the risk of more hijackings and self-destruction attacks, few people be flying, depriving an already marginally advantageous industry of revenues just when it faces the assume for more expensive security. Furthermore, insurers are equally frightened, some of them already suffered lost in data link with the Twin Towers collapse, and may crawl in from war-risk insurance that the air carriers are require to have. Insurers also called for impudent insurance terms.
If the picture is not faulty enough, it must be said that European air carries were having financial problems before September 11th. For example Sabena, the former Belgian yield carrier, now owned by Swiss Air, was relieve from bankruptcy just one month ago after pine discussions between the Belgian Government and Swiss Air, Alitalia, the Italian airline company, is still domain to a reconstruction and a shakeup process, and in terrific the EU Commission granted it approving to the last... If you want to stupefy a full essay, consecrate it on our website:
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