login
login

Europe Daily Bulletin No. 8172

16 March 2002
Contents Publication in full By article 29 / 34
GENERAL NEWS / (eu) eu/state aids
Germany must recover aid granted to Neue Erba Lautex textiles)

Brussels, 15/03/2002 (Agence Europe) - As already announced by EUROPE, the Commission has ordered the recovery of EUR 7.83 million in aid from Neue Erba Lautex GmbH (NEL) and its parent company, the bankrupt Erba Lautex GmbH, judging that this aid had kept the two entities artificially afloat. In July 1999, the Commission had already ruled EUR 61.36 million in aid, as incompatible as it did not meet the conditions laid down by the guidelines for safeguard aid for restructuring. Nonetheless,...

Contents

THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION