# Commission Decision of 2 July 2008 on the measures C 16/04 (ex NN 29/04, CP 71/02 and CP 133/05) implemented by Greece in favour of Hellenic Shipyards (notified under document C(2008) 3118) (Only the Greek text is authentic) (Text with EEA relevance) (2009/610/EC), Article 3

Extent: E+W+S+N.I.

The loan amounting to GRD 1,56 billion (EUR 4,58 million) which was granted in July 1999 by ETVA to HSY and was reimbursed in 2004 (this measure was named ‘measure P3’ in the preamble of the present decision) constitutes aid, which has been put into effect in contravention of Article 88(3) of the EC Treaty and which is incompatible with the common market.
For the period from the pay-out of the loan to HSY until its reimbursement, the aid to recover amounts to the difference between the reference rate of Greece increased by 600 basis points and the interest rate of the loan.

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Source: https://www.legislation.gov.uk/eudn/2009/610/article/3 (the official version)
Page: https://openlegislation.uk/eu-decision-2009-610/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.