French Government to finance pensions at Laposte

[jemima]

From
http://www.businessweek.com/ap/financia ... 6A9084.htm

European Union regulators gave the all-clear Wednesday for the French government to help finance pensions at the French postal service La Poste.

The European Commission said it approved the pension funding plan for 172,000 employed postal workers after commitments from the French government that the social security and tax contributions by the state company would be equivalent to those borne by La Poste's private competitors.

"This reform helps to provide a level playing field for La Poste and its competitors," said EU Competition Commissioner Neelie Kroes.