Will the EU change its just and state aid organic law later the rival Towers combat? by Antonio Fogna Following the folk 11th, 2001, terrorist attacks on New Yorks globe Trade Centre and the Pentagon, umpteen people may befall inappropriate to think in terms of m superstartary and ratified consequences. They may well give a point, and certainly in times of horror and grieve, stinting and legal anesthetises argon non the centre focus of our lives. sadly the economic costs of the similitude Towers and of the Pentagons assembly line assault, may be a crucial issue in the next month. As a matter of item many companies already ebb to deal with the consequences of the folk 11th, tragedy. The primary effort hit by the attack is, of course, the flight paths industry, non only the traffic to the U.S. was halt for foursome day with an consider lost of $35 jillion a day, but, frightened by the risk of more hijackings and suicide attacks, few people argon flying, depriving an already marginally profitable industry of revenues just when it faces the read for more expensive security. Furthermore, insurers atomic number 18 equally frightened, some of them already suffered lost in connectedness with the Twin Towers collapse, and may call in from war-risk insurance that the air carriers are require to have. Insurers also called for unexampled 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 own by Swiss Air, was rescue from bankruptcy just one month ago after pine discussions between the Belgian Government and Swiss Air, Alitalia, the Italian airline company, is still takings to a reconstruction and a shakeup process, and in idealistic the EU Commission given it approving to the last... If you want to get hold a full essay, localize it on our website:
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