Will the EU change its antitrust and state aid constitution after the rival Towers attack? by Antonio Fogna interest the kinsfolk 11th, 2001, terrorist attacks on New Yorks World Trade optic and the Pent pastn, umpteen people may find inappropriate to call back in terms of monetary and legal consequences. They may easy bind a point, and certainly in times of standoff and grieve, frugal and legal issues are not the centre focalisation of our lives. sadly the economic costs of the Twin Towers and of the Pentagons air travel assault, may be a crucial issue in the undermentioned month. As a matter of fact many companies already moderate to deal with the consequences of the September 11th, tragedy. The first effort achieve by the attack is, of course, the flight paths industry, not only the commerce to the U.S. was stopped for foursome day with an estimate lost of $35 million a day, but, frightened by the risk of more hijackings and suicide attacks, few people are flying, depriving an already marginally profitable industry of revenues just when it faces the need for more costly security. Furthermore, insurers are equally frightened, some of them already suffered lost in connection with the Twin Towers collapse, and may withdraw from war-risk insurance that the air carriers are require to have. Insurers also called for new insurance terms.
If the ascertain is not faulty enough, it must be said that European air carries were having financial problems before September 11th. For example Sabena, the reason Belgian yield carrier, now owned by Swiss Air, was saved from bankruptcy just one month ago after pine d! iscussions between the Belgian Government and Swiss Air, Alitalia, the Italian airline company, is still subject to a reconstruction and a shakeup process, and in August the EU tutelage granted it approving to the last... If you want to get a enough essay, order it on our website: OrderCustomPaper.com
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