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Image header Agence Europe
Europe Daily Bulletin No. 9279
Contents Publication in full By article 27 / 42
GENERAL NEWS / (eu) eu/state aid

Move to end unlimited guarantee for French Post Office

Brussels, 04/10/2006 (Agence Europe) - The Commission has recommended that France withdraw the unlimited State guarantee for the French Post Office by end 2008. In its capacity as a legal entity governed by public law, La Poste enjoys unlimited guarantee meaning that it is not subject to the insolvency and bankruptcy procedures provided for under ordinary law and that it is the State that could be held responsible in the last resort for its rights and obligations. This status is tantamount...

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