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Europe Daily Bulletin No. 7733

8 June 2000
Contents Publication in full By article 20 / 59
GENERAL NEWS / (eu) eu/court of justice
Certain special powers ("Golden Share" in particular) a government gives itself during privatisation are unlawful

Luxembourg, 07/06/2000 (Agence Europe) - In a recent decision on action initiated by the European Commission against Italy, the Court of Justice confirmed that the governments cannot retain certain special powers, such as the "Golden Share", when they privatise a previously nationalised company.

The Italian provisions challenged provided, in certain specific cases such as defence, transport, telecommunications, energy and public services, for the prime minister to be able to introduce...

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