OpenLegislation

Article 2

United Kingdom

Original text. Later amendments are not shown.

1.

Spain shall take all necessary measures to recover from the public Spanish shipyards the aid referred to in Article 1, and unlawfully made available to the beneficiaries, except the EUR 192 100 000 already recovered.

2.

Recovery shall be effected without delay and in accordance with the procedures of national law provided that they allow the immediate and effective execution of the decision. The sums to be recovered shall bear interest throughout the period running from the date on which they were first put at the disposal of the beneficiaries until their actual recovery. The interest rate to be applied will be the reference rate used for calculating the grant equivalent of regional aid.

3.

The interest rate referred to in paragraph 2 will be applied on a compound basis throughout the entire period referred to in paragraph 2.