Brussels, 11/12/2012 (Agence Europe) - On account of failure to comply with a 2002 judgment of the European Court of Justice, Spain was ordered on 11 December 2012 in Case 610-10 to pay a lump sum of €20 million and a daily penalty payment of €50 000 from 11 December until the judgment is complied with. The ruling required the recovery by the Spanish state of illegal aid paid since 1989 to the Basque company Indosa and its ubsidarity CMD (see EUROPE 10226 and 9924).
Following Indosa's...