SPANISH REFUND
May 1st, 2002
BY KEITH NUTHALLTHE EUROPEAN Commission has ordered the Spanish government to recover "billions of Pesatas" in state aid that it claims Madrid illegally paid porcelain manufacturer Grupo de Empresas Álvarez, (GEA), in Vigo, Galicia, although it has asked the Spaniards to work out exactly how much money is involved.Brussels concluded that restrictions on the payment of further state aid by Spain to GEA were circumvented, namely that no new subsidies should be handed out while restructuring - that earlier approved aid payments had helped to fund - was carried ...
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