EU rejects plan to rescue Germany's Opel

FRG government plans to rescue the crisis automaker Opel faced with new challenges: how it turned out, the government in Berlin is not entitled to link the provision of state aid the company while retaining all Opel plants in Germany, the newspaper Financial Times Deutschland, citing one ofthe documents of the Ministry economy of Germany.

The document stresses that the desire to preserve certain enterprises in the territory of any Member State is not a valid criterion for granting state aid. This warning Ministry of Economy of Germany once again reinforced doubts about how the federal and state governments have been negotiating for the salvation of Opel.

Only at the end of last week, the candidate for Chancellor of Germany from the SPD, Frank-Walter Steinmeier stressed that the German state to agree to support only a plan to save the automaker, which will protect the interests of Germany. The money from German taxpayers will be provided only under the concept, which would maintain all four of Opel factories in Germany and guarantees them a good perspective, - said Steinmeier in an interview with Bild am Sonntag.

Even before the leaders of the CDU /CSU and SPD in the dispute over salvation Opel tried to hold only the interests of Germany. This caused dissatisfaction among the leadership of maternal concern Opel - General Motors (GM), the U.S. administration and other interested States, in particular the UK.

According to the newspaper Financial Times Deutschland, Sept. 8 GM board will make a choice of four options for saving Opel. Possible options are selling automaker Austrian-Canadian consortium of Magna, which includes also Russia's Sberbank, or investment firm RHJ International.

remains, however, is not excluded and orderly bankruptcy Opel, as well as the option in which the sole owner of the German concern remains GM. Government of Germany in favor of selling Opel consortium Magna.


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