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Wed 11 Nov 2008EU divided over bailouts
THE EUROPEAN Union is studying the option of offering support to its carmakers, but the Commission was divided yesterday over the extent of any aid as other sectors also face a downturn. EU Industry Commissioner Guenter Verheugen signalled support for a German offer to help Opel, but others in Brussels insisted there could be no special treatment for the car industry.
"You cannot compare the car sector with the financial sector," Competition Commissioner Neelie Kroes said, referring to the mass bailouts by EU governments last month of banks.
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