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Image header Agence Europe
Europe Daily Bulletin No. 10269
Contents Publication in full By article 33 / 38
GENERAL NEWS / (eu) eu/state aid

Greek commitments on Hellenic Shipyards accepted

Brussels, 02/12/2010 (Agence Europe) - On Wednesday 1 December, the European Commission formally accepted the commitments proposed by Greece to comply with a Commission decision of 2008 that asked it to stop various guarantees and to recover illegal subsidies granted in favour of the civilian activities of Hellenic Shipyards (HSY) totalling €539 million. Nowadays HSY produces mostly military ships and Greece was concerned that the recovery might endanger those activities which it considers...

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