Today could be a big day for Opel. Probably, it won’t. The Loan Guarantee Committee is meeting in the Economics Ministry in Berlin. On the agenda: Opel’s request for €1.5b in state aid. The timing is not coincidental: Last weekend, elections were held in the Opel state of North Rhine Westphalia, which ended in a mess. Coalition discussions are on-going with unsure results. So let’s move quickly while Berlin can make decisions? Not exactly …
Economy Minister Rainer Bruederle poured cold water over high hopes. Before the meeting went in to session, Bruederle refused calls for a speedy decision. In any case, there would be two additional committees that have to decide. And if all else fails, then there would still be Brussels to shoot down state aid.
According to the Muenchner Merkur, Bruederle said that the government „can’t run around with a fire extinguisher all the times. The state of emergency can’t be the new steady-state.” In other words: “Nein.”
We’ll keep you posted.