OpenLegislation

Article 2

United Kingdom

Original text. Later amendments are not shown.

1.

The Italian Republic shall recover the aid referred to in Article 1 from the beneficiary.

2.

The sums to be recovered shall bear interest from 21 December 2012 until their actual recovery.

3.

The interest shall be calculated on a compound basis in accordance with Chapter V of Regulation (EC) No 794/2004 and Commission Regulation (EC) No 271/2008f1 amending Regulation (EC) No 794/2004.

4.

The Italian Republic shall cancel all outstanding payments of the aid referred to in Article 1 with effect from the date of this Decision.

Annotations

Footnotes

f1

Commission Regulation (EC) No 271/2008 of 30 January 2008 amending Regulation (EC) No 794/2004 implementing Council Regulation (EC) No 659/1999 laying down detailed rules for the application of Article 93 of the EC Treaty (OJ L 82, 25.3.2008, p. 1).