EUROPEAN COMMISSION WANTS ECJ TO ORDER GREECE TO RECOVER SUBSIDIES FROM TEXTILE MANUFACTURER
April 1st, 2016
THE EUROPEAN Commission is taking Greece to the European Court of Justice (ECJ) after the Greek government refused to comply with an order from Brussels that it recover EUR37 million’s worth of illegal subsidies and tax breaks from Athens-based manufacturer United Textiles.
The Commission told Greece in 2012 that this help had broken European Union (EU) state aid rules designed to prevent national governments giving local companies an unfair advantage in Europe’s border-free single market.
United Textiles is one of Greece's largest textile producers and has ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.