EC refers Greece to Court of Justice over Larco debts

The European Commission has referred the government of Greece to the Court of Justice of the European Union for the non-payment of €135.8 million ($149.60 million) of aid granted to state-owned ferro-nickel producer Larco.

It has also called for the court to impose a lump-sum fine and financial penalties on Greece.

The move follows requests by the court for repayment of the aid both in November 2017 and in March 2014. The court also ruled that the sale of certain assets of Larco could be implemented without the buyer being liable to...


Andrea Hotter

November 27, 2019

17:52 GMT

New York