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Exact(5)
Germany had insisted on "market rates"—ie, with no element of subsidy.
In a statement on Tuesday, Airbus confirmed that the panel had found the loans contained "a certain element of subsidy".
There is no shortage of evidence that Whittingdale will take a tough line on the BBC, having said last year that the licence fee was "worse than the poll tax" because there was no element of subsidy for the low-paid.
The involvement of the finance ministry and a state-owned bank may also offend Anglo-Saxon sensibilities: the American and British treasuries tend to leave the creation of new markets to the private sector.German officials insist there is no element of subsidy: state-owned KfW is a commercial partner.
The element of subsidy is an appealing factor that can greatly compensate some shortcomings related to equity and acceptability in the previous schemes.
Similar(54)
What has happened in recent decades to many public utilities is that, having been established and run by the state often with a strong element of public subsidy, they have been sold to private interests at knockdown prices on the grounds of fiscal rectitude (and with the blessing of the IMF).
It needs a contract with an element of price subsidy for the first 25 years of its 100-plus year life, after which it is very cheap indeed.
However, letting the rich opt out will reduce the element of cross-subsidy essential in any health system, and make it less progressive.
But I don't deny, I think you're absolutely correct, that if one is looking at the deficit and where elements of removing subsidies, removing various different types, if you want to put it, tax entitlements are concerned, I think you have to look at both sides.
Morocco, which has ended petrol and fuel-oil subsidies and made big cuts to diesel subsidies, is now indexing energy prices to international benchmarks.India highlights another element of success: phasing out subsidies slowly.
Independence of subsidy, gift, or patronage.
Related(20)
element of entitlement
element of relief
element of help
element of payment
element of incentive
element of compensation
element of financing
element of premium
element of support
element of benefit
element of funded
aspects of subsidy
element of war
element of action
element of exactness
element of melancholy
element of fear
element of luck
element of self-criticism
element of competition
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