Political Quotes

Olympia Snowe: “During the negotiations, Germany granted $4 billion in shipyard modernization subsidies to the former East German…”

On the recordJanuary 21, 1997
During the negotiations, Germany granted $4 billion in shipyard modernization subsidies to the former East German shipyards. South Korea approved close to a $1 billion bailout of its largest shipbuilder Daewoo. Other European countries continued to grant billions in subsidies to their shipbuilding industries to fill their order books.
Said by
Olympia Snowe
Republican · Maine

Editor's note · Context

Discussing international subsidies in the shipbuilding industry.

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