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The EEC commission reportedly will recommend approval of the Italian government's plan to pay up to 7.670 trillion lire ( $5.68 billion) to restructure Finsider, which was put into voluntary liquidation in June 1988. The approval is tied to the strict adherence by Finsider to follow through with the closure of five steel mills with 1.2 million metric tons of capacity, the sale of an additional five plants to the private sector, closure of the up-stream phase of the Bagnoli smelter near Naples and the closure of any plants up for sale that cannot be sold to the private sector. In addition, Finsider, which will be renamed Ilva after its restructuring, must agree to devote 4.5% of its annual turnover to the debt servicing plan. The percentage is in accordance with EEC steel aid policies for all member states. The aid package is intended to settle the debt of Finsider as well as for social aid and limited operating aid pending the disposal of …