Brussels, 23/10/2007 (Agence Europe) - On 23 October 2007, the European Commission opened a formal investigation procedure against France regarding the unlimited state guarantee provided for La Poste (the French post office). La Poste benefits from this guarantee because of its status as a legal entity governed by public law. The guarantee enables La Poste to obtain finance on favourable terms but because its competitors do not enjoy the same advantage, the guarantee is likely to distort...