EGF AID IN GREECE AND IRELAND.

• Position: European Globalisation Adjustment Fund - Brief article

On 19 December 2011, the European Commission made payments totalling 39.6 million to Greece and Ireland from the European Globalisation Adjustment Fund (EGF). This sum, authorised in mid-November by the budgetary authority, will help 6,629 dismissed workers from the construction industry and retail sector back into employment. Greece received 2.9 million (of a total mechanism estimated at 4.4 million) to help 642 former ALDI Hellas workers back into employment. Because of the financial crisis, the budget supermarket chain saw a decline in its sales, which led it to...