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Europe Daily Bulletin No. 8225

5 June 2002
Contents Publication in full By article 19 / 31
GENERAL NEWS / (eu) eu/court of justice
Court rules against France and Portugal over golden shares - Appeal against Belgium rejected

Luxembourg, 04/06/2002 (Agence Europe) - Meeting in plenum (11 judges), the Court of Justice has ruled against France and Portugal for keeping legislation giving the state golden shares in the management of privatised industry in strategic sectors (see EUROPE of 27/28 May, p.16) but rejected the Commission's appeal against Belgium.

The Court reasoned as follows: The Treaty foresees freedom of movement for capital. Under Article 73D, any restriction of this principle can only be justified...

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