SPANISH AID
September 1st, 2002
KEITH NUTHALLTHE EUROPEAN Court of Justice has cleared the way for Spain to restart subsidising investments by its hauliers into buying or hire-purchasing new lorries and vans.Annulling a decision made by the European Commission in 1998 that blocked Madrid from helping haulage operators pay the interest on loans they raise for new vehicles, judges said Brussels was wrong to brand these payments as illegal state aid.The court said the Commission had failed to effectively contest Spanish claims that it was entitled to make grants because they would improve the ...
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