BRUSSELS WANTS ECJ TO ORDER ALUMINIUM OF GREECE TO REPAY SUBSIDIES
July 1st, 2013
The European Commission is to ask the European Court of Justice (ECJ) to order the Greek government to recover EUR17.4 million from Aluminium of Greece paid in 2007-8 through low electricity bills from Greece’s state-owned Public Power Corporation (PPC).Brussels said yesterday (Wednesday) that Greece had ignored a 2011 order that this handout be repaid because it was illegal under European Union (EU) state aid rules. They are imposed to prevent EU governments giving their local companies an unfair advantage within the 28 member EU’s borderless market.A ...
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