EC scolds France for Eu3bn bail-out of stricken Alstom

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EC scolds France for Eu3bn bail-out of stricken Alstom

August 08, 2003 12:00 AM

Alstom, the embattled French engineering conglomerate, announced a Eu6.9bn rescue package this week, only to be plunged into a war of words between the French government and the European Commission over state aid, which could put the fundraising in jeopardy.

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