The European Court of Justice (ECJ) judges imposed a fine of €10 million and a biannual penalty payment of almost €7.3 million on Greece on Wednesday 14 November (Case C-93/17) for failure to recover illegal state aid granted to Ellinika Nafpigeia AE (ENAE).
ENAE is involved in the construction of military vessels. It was acquired by a bank controlled by the Greek State in 1985, privatised in 2001 before being taken over by ThyssenKrupp AG in 2005 and Abu Dhabi Mar LLC in 2009.
The...