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Europe Daily Bulletin No. 11049

29 March 2014
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Greek aid for Larco breaches EU competition rules

Brussels, 27/03/2014 (Agence Europe) - On Thursday 27 March, the European Commission decided that Greek state aid for Larco General Mining and Metallurgical Company S.A. (Larco) gave the company an undue advantage over its competitors, in breach of EU state aid rules. In total, the capital injections and public guarantees were worth €136 million. The Commission has decided that Larco must pay back the amount with interest to mitigate the distortions of competition resulting from the...

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