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Image header Agence Europe
Europe Daily Bulletin No. 8613
Contents Publication in full By article 11 / 27
GENERAL NEWS / (eu) eu/competition

Commission to ask Italy to cooperate closely over Parmalat

Brussels, 23/12/2003 (Agence Europe) - The European Commission has asked the Italian government to work in close cooperation with it if it plans to provide public funding for the rescue of Parmalat, the country's biggest agri-food giant, which is facing bankruptcy. Investigations are continuing to determine the extact size of the 'black hole' in the company's accounts (estimated to total between EUR 7 and 10 billion) and the type of illicit operations carried out, but the fate of the Italian...

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