Now that General Motors finally agreed to sell Saab to Spyker, the Swedish authorities must decide on the amount of money to be used for backing the deal. Sources are claiming that Sweden wants to offer 400 million Euros but before providing the money, the European Union must review the proposal.
According to Reuters citing spokesman Jonathan Todd, 82.8 percent of the loan has to be scrutinized by the European Commission.
"The remaining 17.2 percent is considered to be remunerated at … (read more)