OpenLegislation

Article 5

United Kingdom

Original text. Later amendments are not shown.

1.

Italyshall recover from SACE BT the incompatible aid such as defined in Articles 2, 3 and 4.

2.

The sums to be recovered shall bear interest from the date on which they were put at the disposal of SACE BT until their actual recovery, namely: EUR 156 000 as of 5 June 2009 (Article 2), EUR 29 million as of 18 June 2009 (Article 3) and EUR 41 million as of 4 August 2009 (Article 4).

3.

The interest shall be calculated on a compound basis in accordance with Chapter V of Regulation (EC) No 794/2004f1.

4.

Recovery of the aid shall be immediate and effective.

5.

Italy shall ensure that this Decision is implemented within four months following the date of notification of this Decision.

Annotations

Footnotes

f1

OJ L 140, 30.4.2004, p. 1.