From 2012
Quote:
THE Daily Echo can reveal today that a huge payout of EU cash was made to Ford just before the company closed its Southampton plant – and it went to boost Transit production in Turkey. This paper has already disclosed how £10m of UK Government cash was approved to help British Ford operations just days before the Swaythling bombshell was dropped.
And now we have learnt that a cheap £80m EU loan to ramp up production of Transit vans in Turkey was also signed off just months before Ford’s devastating Southampton announcement.
The loan from the European Union’s bank, owned by Britain and fellow member states, was agreed in June as part of a billion dollar investment plan – about £600m – for Ford’s sprawling 395-acre site in Kocaeli which is taking over production of Transits from Southampton.
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From 2002, when Romania wasn't in the EU and the UK had less crime and more homes, etc.
Quote:
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The Independent has also learned the Government will soon be asked to approve a multi-million World Bank loan to Mr Mittal to invest in his Sidex steel plant in Romania. Tony Blair wrote to the Romanian Prime Minister to endorse Mr Mittal's bid to buy the business. World Bank officials confirmed yesterday they were expecting an application from the steel magnate for a "phase-two" application to help him pay up to £200m still owing to the Romanian government over the next five years.The additional cash request comes on top of a second loan that Mr Mittal is expected to request from the European Bank for Reconstruction and Development (EBRD), which already gave him a £70m loan to help him buy Sidex. "In phase two, EBRD and IFC [International Finance Corporation, part of the World Bank] have been asked to structure the long-term financing," a World Bank spokesman said yesterday.
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