Fining Greece

Calling out Greece’s failure to recover about $700 million worth of aid granted to the owner of a Greek shipyard, the European Court of Justice ordered a fine of $8.85 million, plus about $6.46 million for every six months of delay.

LUXEMBOURG - Calling out Greece’s failure to recover about $700 million worth of aid granted to Ellinika Nafigeia AE, the owner of a Greek shipyard in Skaramagkas that specialized in building military vessels, the European Court of Justice ordered a fine of $8.85 million, plus about $6.46 million for every six months of delay.

A copy of the ruling is not available in English.

Categories:Appeals, International

Fining Greece

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