Europe endorses Belgian state guarantee for nuclear risksFriday, 14 July 2017 20:22
At the end of 2016, the European competition services examined the Belgian law stipulating that responsible nuclear operators are obligated to compensate their victims up to 1.2 billion euros for a period of up to 30 years after a disaster. To cover such a risk, operators have generally turned to the private market, but the law also provides a state guarantee for nuclear damage that can not be covered by special insurance.
The Commission does not consider this guarantee to be state aid, it said on Friday. The level of the annual premium paid by the operators for this guarantee leads to the conclusion that they will not benefit economically and that the insurance market will not be harmed.
The Brussels Times
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