Germany faces fine for not implementing EU gas guideline

Sep 18, 2002 02:00 AM

Germany faces a fine of more than EUR 500 mm as it has not yet transcribed the EU's gas guideline to liberalise the gas market into national law. EU commissioner for transport and energy Loyola de Palacio plans to sue Germany at the European Court of Justice.

The deadline to put the guideline to liberalise the gas market into national law expired on August 10, 2000. Germany faces a fine of EUR 750,000 for every day since then that the guideline has not been implemented.
The governing coalition of the SPD and the Green Party cancelled a vote on the guideline in the German parliament since it could not assemble a majority.

Source: Ananova
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