If a bank were free to issue such subordinated debt at any yield, the scheme would not quite do.
However Education Secretary Michael Gove has announced that 719 school revamps already signed up to the scheme would not now go ahead.
Newport council said it had been discussions with Torfaen and Monmouthshire councils but decided the scheme would not have benefited its schools and pupils.
The EA said the scheme would not address the surface and groundwater flooding which were experienced in Newbury in 2007, but said they would be investigated separately.
The finance minister said that at this stage the scheme would not cover subsidies for food, fertiliser, diesel and kerosene because the government was proceeding with a "great degree of caution".
If it transfers a chunk of numbers to another area code, as it did with the Bronx, the new 646 code would not be needed, but the scheme would not create much extra space on the network.
In a Commons statement on 5 July 2010, Education Secretary Michael Gove said 715 school revamps already signed up to the scheme would not now go ahead, with a further 123 academy schemes to be reviewed on a case-by-case basis.
He added that the scheme would "not significantly impact on this ambitious regeneration scheme and ultimately the government will decide whether to grant the order based on the public interest".
Mr Corry said that although there were many social enterprises that would benefit from the scheme, many charities would not, because they had no revenue stream that could be used to repay the funding.
Richard Tol, professor of economics at University of Sussex, said he felt that the whole scheme was "crazy" and would not work in the long term .
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Councillor Graham Lawman also welcomed the recommendation to use the order, saying that should the scheme not go ahead the town would be open to smaller developments around the countryside.
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On Friday, the DoE announced it "would not table new regulations for the scheme at Tynwald, after MHKs petitioned the education and treasury ministers".
While the timing of the construction is not yet known, such a scheme would almost certainly lead to the forced resettlement of the Lao-Khmu community of Don Khoun, just as the residents have begun benefitting from tourism through their village.
Campaigners against the project said they had "no sympathy" for the council's situation and would seek a judicial review to prove the scheme was not needed.
Green energy company Ecotricity, who applied for permission with Honda, said the wind turbine originally proposed towards the north side of the site, closest to people's houses, would not now be included in the scheme.
Such a scheme would not obviate the need for deep reform in Greece.
Martin McKay, spokesman for Urban Gravesham, which led the opposition campaign, said he had yet to see details of the new scheme but he hoped it would not lead to "years more planning blight".
The owner of Gale's Wine Bar in Llangollen Richard Gale said he would not be taking part in the scheme.
She said it was feared they would not join the pension scheme and may leave the profession.
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She could not say that the scheme would have saved her son, but there was "strong evidence from around the world that shows that mandatory display is extremely effective".
On the subject of funding for upgrading, the minister said she regretted that it would not be possible to provide a scheme similar to that in the South, but funds would be available to poultry farmers under the Farm Modernisation Programme.
The naval officer would not face prosecution back home under an amnesty scheme for military personnel who served during the dictatorship.
The Department for Education and Skills said that, now the co-ordinated admissions scheme had been finalised, the Office of the Schools Adjudicator would decide whether or not schools could use those criteria in the coming year.
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Supporters say the scheme would be financed by sovereign wealth funds and not require taxpayers' cash.
He said it had become clear that the voluntary registration scheme which had been under consideration would not have provided a "robust solution".
He was concerned that the UK government did not want to be part of any future scheme and it would be left to the industry to sort out.
In the grand scheme of things, not too many people would be upset.
More important, the scheme would have a devastating economic and environmental impact on not only the immediate area but also other states, including California.
Nick Bingham, chairman of Hastings Alliance, said local people did not want the unnecessary road scheme, which would a "very special place".
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He said the scheme Ulster Bank had put in place to compensate customers would not be closed and further applications would be looked at.
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