Brussels, 31/03/2004 (Agence Europe) - On Tuesday, the European Commission said the Italian scheme providing grants and certain reductions in social security contributions cannot be justified under the State aid rules. The Italian scheme granted these benefits to undertakings acquiring a large undertaking in difficulty. Italy is now obliged to recover any aid unlawfully awarded from its beneficiaries.
The scheme in question aims at safeguarding jobs in large undertakings in difficulty that...