FRANCE
May 1st, 2001
KEITH NUTHALLFRANCE has been ordered by the European Commission to recover 100 million French Francs, (Euro 15.2 million), which it paid to ailing textile and clothing company Manufacture Corre(E IS ACUTE)zienne de Ve(E HAS CIRCUMFLEX)tements Ve(E HAS CIRCUMFLEX)tements (MCV).Brussels had not been notified about the payments, which it says broke EU state aid rules, because they did not promote effective investment in the company which would have allowed it to become self-sufficient.The French government had paid the money to a private investor, following the ...
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