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Article 2

United Kingdom

Original text. Later amendments are not shown.

1.

Italy shall recover the aid referred to in Article 1(3) from the beneficiary.

2.

The sums to be recovered shall bear interest from the date on which they were put at the disposal of the beneficiary 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 to Regulation (EC) No 271/2008f1 amending Regulation (EC) No 794/2004.

4.

Based on the information at its disposal, the Commission acknowledges that Italy has already recovered from the beneficiary the aid principal and part of the recovery interest due.

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).