Brussels, 05/05/2010 (Agence Europe) - The European Commission sent France a warning letter on Wednesday 5 May, requiring it to implement a 13 November 2008 European Court of Justice ruling stating that France had failed to recover incompatible state aid awarded in the form of exemptions from corporate tax for takeovers of struggling companies. This is the first stage in the Commission's infringement proceeding for failure to implement Court of Justice rulings.
The Commission says that the...