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Europe Daily Bulletin No. 9559

7 December 2007
Contents Publication in full By article 19 / 30
GENERAL NEWS / (eu) eu/court of justice
Court finds against Italy for granting excessive rights to public shareholders

Luxemburg, 06/12/2007 (Agence Europe) - According to rulings delivered by the European Court of Justice on Thursday 6 December 2007, Italy has infringed Community law as a result of two points in its legislation. Firstly, Italian provisions which grant special powers to the state or public bodies with holdings in a company are contrary to Article 56 of the EC Treaty. Secondly, Italy failed to recover state aid set up in 2003 to encourage job creation, after the Commission had required it to...

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