UPDATE 1-EU accepts French assurances on car aid

Newswire

(Adds details, background) BRUSSELS, Feb 28 (Reuters) - The European Commission is satisfied with guarantees set out by France that a state loan plan to its carmakers did not amount to protectionism, the EU executive said on Saturday. "I am satisfied with the guarantees set out by the French authorities on the absence of protectionist elements in the plan for aid to the automotive sector," EU Competition Commissioner Neelie Kroes said in a statement. France proposed a 6 billion euros ...

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