ALUMINIUM OF GREECE FACES BRUSSELS PROBE ON ALLEGED ENERGY SUBSIDIES
January 1st, 2010
BY KEITH NUTHALL
ALUMINIUM of Greece could face paying an expensive Euro 17.4 million electricity bill, after the European Commission decided to open an in-depth investigation into whether low tariffs granted by the Greek state-owned Public Power Corporation were an illegal subsidy. Brussels will assess whether the special rates follow European Union (EU) state aid rules designed to prevent EU member states giving national industries special assistance in the single European market. If the Commission concludes the low electricity bills were an unfair disguised ...
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