commiss decis decemb aid project german govern favour shipyard financi difficulti nn german text authent eec commiss european commun regard treati establish european econom commun subparagraph articl thereof parti concern notic submit comment accord provis regard council direct eec januari aid shipbuild pursuant articl direct eec commiss approv letter march develop aid project german govern seneg aid project concern grant loan soft condit year loan year grace period interest year purchas special purpos ferri contract dm million built schiffswerft germersheim german govern notif aid credit condit repres grant equival oecd organ econom cooper develop term pursuant articl direct eec german govern verbal note march notifi commiss aid project feder minist financ request land rheinland pfalz schiffswerft germersheim aid project decemb concern guarante loan dm million compani oper loan eventu appear connect complet construct gravel silo vessel inland water pursuant articl direct eec german govern verbal note notifi commiss aid project land rheinland pfalz schiffswerft germersheim gmbh im konkur aid project spring concern guarante loan dm million financ construct seneg contract made financi difficulti yard meantim met appear schiffswerft germersheim state bankruptci commiss ask german govern confirm legal situat detail bankruptci futur prospect germersheim werft breakdown yard turnov figur enabl commiss calcul aid equival appear german govern letter juli state withdrew notif guarante dm million loan provid suffici inform activ form part total turnov yard inform lack german govern verbal note august commiss letter septemb ask german govern detail state bankruptci content ocean shipbuild compani total turnov figur german govern verbal note august state aid project guarante dm million loan consid develop aid schiffswerft germersheim file claim legal settlement creditor novemb amtsgericht landau declar state bankruptci januari appear stage spring onward site facil yard schiffswerft germersheim im konkur newli found auffangesellschaft neue schiffswerft germersheim telecopi competitor rais complaint commiss criticis foundat compani truste schiffswerft germersheim rescu aid grant yard line council regul eec april structur improv waterwai transport german govern verbal note octob novemb request inform shipbuild activ compani commiss initi articl procedur letter sg januari respect abovement guarante compani site facil schiffswerft germersheim member state interest parti react public decis offici journal european commun verbal note german govern februari state guarante dm million loan concern fulfil build contract gravel silo vessel inland water guarante return month provis guarante dm million loan repeat guarante consid develop aid mean cover risk cover herm guarante approv commiss letter march verbal note overview activ compris turnov schiffswerft germersheim im konkur ii fact german author withdrawn notif guarante dm million loan guarante call build process prevent fact notif made guarante assess project made provis articl eec treati withdraw notif due fact aid serv purpos fact guarante yard continu oper financi difficulti guarante charact rescu aid fact guarante relat build process vessel inland water activ fall scope definit shipbuild articl direct eec aid project provis guarante dm million loan consid provis articl eec treati provis guarante dm million loan assess provis direct eec direct appli apprais provis articl eec treati gener principl chapter ii direct eec ensur aid grant shipyard shipown directli relat contract oper aid grant shipyard deem compat common market long grant equival aid exce common maximum aid ceil express percentag contract aid true articl direct eec aid relat shipbuild ship convers grant develop assist develop countri subject ceil deem compat common market compli term laid purpos oecd work parti agreement interpret articl oecd council resolut august agreement grant aid form export credit term envisag grant guarante aim articl direct aid reduc price ship develop countri specif circumst grant rescu aid yard commun reason commiss approv march aid element contain soft credit condit ferri contract seneg grant guarante articl guarante shipyard aid yard assess articl direct fact subsequ guarante dm million loan need period financi difficulti ensur continu yard activ includ build process develop project impli develop aid mean articl direct eec concern develop aid notifi approv commiss ferri seneg made refer credit condit seneg product aid grant yard order make capabl complet ship recipi seneg financ cost build process normal part cost price part public support common practic clear guarante ordinari product aid account financi difficulti yard fact bank found grant loan cover guarante guarante rais present conclus prove point guarante dm million loan repres oper aid rescu aid grant articl direct assess accord prevail maximum aid ceil product aid aid intens quantifi percentag aid recipi annual turnov shipbuild ship convers aid grant develop assist shipbuild articl direct exempt ceil aid typic repres minimum grant equival exceed ceil work progress contract includ aid recipi turnov shipbuild elig oper aid direct period grant guarante concern turnov germersheim yard made activ million dm schiffswerft germersheim ik ship newbuild ship repair practic construct repair inland waterwai vessel total turnov total newbuild seneg contract seneg contract shipbuild turnov yard time rescu aid grant relat build inland vessel scope direct eec turnov relat abovement aid measur articl aid permiss direct aid equival guarante dm million construct loan author direct absenc turnov relat abovement aid equival guarante dm million loan guarante dm million loan absenc basi approv aid direct aid assess articl eec treati iii rescu aid schiffswerft germersheim judg basi eec polici control reduct commun fleet inland water background loss employ yard focus inland vessel construct recent year rescu aid distort competit complaint made competitor spring show aid project consider affect parti field activ reason oper aid provid guarante loan dm million work capit relat construct vessel inland water guarante dm million loan yard oper aid mean articl eec treati articl lai gener state aid incompat common market rescu aid schiffswerft germersheim avoid consequ eec polici control reduct commun fleet inland water regul eec adopt background manifest structur overcapac sector inland waterwai transport market scrap scheme expect bring substanti reduct overcapac aid project maintain build capac suppli side market inland vessel gener consist polici situat substanti imbal offer demand develop aid project provid exempt rule long project genuin develop charact continu oper build capac posit side effect top aid addit rescu aid need clear indic plan restructur conclus cumul aid common interest iv aid project continu oper yard germersheim qualifi except articl eec treati region ludwigshafen mannheim germersheim situat acknowledg aid beneficiari region common region aid polici reason provis articl appli aid project germersheim yard contribut realiz import project common interest remedi disturb member state economi size build project sector except articl appli provis articl state aid project compat common market aid project aim facilit econom activ region economi provid harm common interest appli refer made notif restructur measur activ market intend yard argu rescu aid aim continu oper market promin overcapac exist consist present common polici common interest present common polici laid regul eec design reduc overcapac affect sector inland waterwai transport market introduc scrap scheme bring substanti reduct overcapac futur improv structur inland waterwai transport aid inland waterwai transport produc grant purpos restructur contribut commun object reduc overcapac sector contrari common interest articl appli aid contrari common interest paid prior author commiss illeg incompat common market german author requir recov beneficiari order quantifi benefit aid commiss drawn common agreement reach member state multilater meet german author particip agre aid equival guarante grant shipbuild sector deem amount loan cover guarante assess guarante practic aid project guarante involv commiss consid guarante subject decis fix adopt decis articl aid measur adopt german govern provid guarante dm million loan work capit guarante dm million loan work capit schiffswerft germersheim gmbh im konkur incompat common market mean articl eec treati grant contrari procedur rule set articl qualifi except articl eec treati articl germani abolish aid refer articl recov aid element contain public guarante part compani financ guarante dm million loan dm guarante dm million loan dm order withdraw guarante mention articl oper articl germani inform commiss month notif decis measur order redress illeg situat articl decis address feder republ germani brussel decemb commiss leon brittan vice presid oj oj oj