Airbus Agrees to Pay Higher Interest Rates on State Loans

Airbus Agrees to Pay Higher Interest Rates on State Loans
EU Commissioner Phil Hogan Credit: Phil Hogan Twitter

THE Trump administration has been on the warpath against EU member states giving supposed ‘subsidies’ to Airbus to the detriment of Boeing and has threatened new sanctions by way of import tariffs.

EU Trade Commissioner Phil Hogan believes that the decision by Airbus to pay higher interest on loans should resolve the situation but has indicated that the European Union is ready to impose its own sanctions if the US does not accept this compromise and reminded America that the EU believes that it subsidises Boeing.

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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.

Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.

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