Tag: Greece subsidies trouble
Greece in subsidies trouble
July 21, 2013
From iGaming Business – The European Commission has referred Greece to the European Court of Justice for failing to comply with two distinct decisions that ordered the country to recover ‘incompatible state aid’ from three land-based casinos. The other decision concerns Aluminium of Greece SA with the European body ruling that Greece has still not recovered the aid after two years. “Member states have numerous possibilities to support business in line with European Union state aid rules,” said Joaquin Almunia, vice-president of the Commission in charge of competition policy. “However, when subsidies procure distortive advantages to selected companies without furthering…