Brussels, 26/07/2001 (Agence Europe) - The European Commission has banned "development aid" granted in 1996 by France to investors financing the construction of the cruise ship "Le Levant", managed by Compagnie des Îles du Levant (CIL) in Saint-Pierre-et-Miquelon. It called on France to recover the aid from investors, since the CIL is not yet owner of the ship according to the leasing procedure.
France had granted tax relief to shipbuilders under the "Loi Pons", the aim of which is to...