EUROPEAN COMMISSION ORDERS GREECE GOVERNMENT TO RECOVER EURO 17 MILLION IN ALUMINIUM SUBSIDIES
July 1st, 2011
BY KEITH NUTHALL
THE EUROPEAN Commission has told the Greek government it must recover Euro EUR17 million from Aluminium of Greece, having concluded these were a disguised illegal subsidy paid via lower electricity bills from 2007 to 2008. Following an 18 month inquiry, Brussels has concluded this support breaks European Union (EU) state aid rules, which are designed to prevent member states from giving local companies an unfair advantage in the EU's border-free market. A Commission communiqué released today said: "Aluminium of Greece benefited from a ...
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