The European Commission (EC) has given the government of Greece two months to recover aid of ?,?135.8 million ($154.9 million) granted illegally to state-owned ferro-nickel producer Larco, or face the threat of court-imposed fines and financial penalties.
On Thursday January 24, the EC sent a letter of formal notice to the Greek government demanding that it respond and demonstrate recovery of the aid, having previously requested its repayment both in November 2017 and in March 2014.If the government fails to comply, the Commission may decide to refer...