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Europe Daily Bulletin No. 9273

27 September 2006
Contents Publication in full By article 26 / 33
GENERAL NEWS / (eu) eu/state aid
Green light for public service compensation to Poste Italiane but investigation into interest rates for funds collected

Brussels, 26/09/2006 (Agence Europe) - The European Commission agreed to allow the compensation of €2.4 billion paid to 'Poste Italiane' from 2000 to 2005 to meet the costs of fulfilling its public service obligations. However, the Commission has opened a formal investigation under the state aid rules into the level of interest rates applied to the funds collected from 'Poste Italiane's customers' current accounts and deposited with the Treasury as of 2005. The Commission is concerned that...

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