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Europe Daily Bulletin No. 11005

28 January 2014
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Spain may be fined for failure to recover state aid

Brussels, 27/01/2014 (Agence Europe) - In an opinion published on Thursday 23 January in case C-184/11, Advocate General Eleanor Sharpston suggests that the European Court of Justice fine Spain €50 million for failing to recover in a timely fashion all the unlawful state aid for the Basque Country between 1994 and 1997, despite a Court of Justice ruling to this effect.

The aid was granted by the three provinces in the Spanish Basque Country in the form of a business tax credit covering...

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