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Europe Daily Bulletin No. 9695

3 July 2008
Contents Publication in full By article 18 / 40
GENERAL NEWS / (eu) eu/state aid
Greece asked to recover more than €230 million in illegal aid granted to Hellenic shipyards

Brussels, 02/07/2008 (Agence Europe) - Further to an in-depth investigation, the European Commission on Wednesday 2 July asked Greece to recover more than €230 million in aid paid illegally to Hellenic Shipyards S.A. (HSY). Between 1996 and 2002, Greece granted 16 different measures of aid to HSY, when the shipbuilder was in trouble. The Commission has established that some of this aid was granted to HSY without prior authorisation by Greece and the bank ETVA (then state-owned) in the form...

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