19 Nov 2021, 23:46

Regarding the request "Accellerate the construction of the vital Artabanos Canal Project, linking the Caspian and Persian waters" by the Confederacy of North Diessen

The time of deliberation has concluded at 19. 11. 11:04 GMT
It was proposed that the European Commission proposes a counter-offer to the Confederacy of North Diessen
The votes for proposing the counter-offer are as follows:
FOR: Two
AGAINST: None
ABSTAINED FROM VOTING: None
DID NOT VOTE: One

Therefore the European Commission proposes the following counter-offer to the Confederacy of North Diessen:
Name of the state: Confederacy of North Diessen
Intended use for the subsidy: Accelerate the construction of the vital Artabanos Canal Project, linking the Caspian and Persian waters
Requested form of subsidy: low-interest loan, cash payments to the Confederal Government of North Diessen
Amount of money requested (In Euros): 500 000 000€
Proposed time-frame in which the loan will be payed back: 25-30 years (earlier repayment possible depending on Canal's profitability)
Proposed interest per annum: 0,4%

The Confederacy of North Diessen may fully accept, partly accept or fully refuse the counter-offer. In a case where the member state fully accepts the counter-offer, the amended subsidy request is granted by the European Commission. In a case where the member state partly accepts or fully refuses the counter-offer, the Commission will deliberate and vote on whether to grant or deny the subsidy request in its amended or original form without the right to make another counter-offer to the subsidy request.

Sofie Čikarová
Premier Commissioner