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Merkel warns Opel state aid no precedent
Photo: DPA

Merkel warns Opel state aid no precedent

Published on: 02 Jun 2009 17:53 CET

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“I still consider that with Opel we a special case,” Merkel said at a conference in Berlin.

She said there were clear procedures for any other companies facing economic ruin and no one should expect the government to step in at the first signs of trouble.

Merkel said the decision to offer Opel billions in short-term loans and state guarantees was “justifiable but not without risks.”

The Frankfurter Allgemeine Zeitung reported Sunday that over 1,100 German companies have asked the government for help weathering the current financial crisis.

DDP/The Local(news@thelocal.de)

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