GERMANY STATE AID
July 1st, 2001
Keith NuthallTHE EUROPEAN Commission has launched a formal state aid investigation into payments from the German government of Euro 7.83 million, which were paid to bankrupt Saxony textile company Erba Lautex GmbH and its successor Neue Erba Lautex GmbH.Brussels is also taking Germany to the European Court of Justice, alleging that it ignored a previous order, banning the payment of Euro 61.36 million to Erba Lautex. If the Commission wins the case, the court could order that grants already made should be repaid.Regarding Brussels' new investigation, which could ...
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