commiss decis octob state aid implement spain favour publicli own shipyard notifi document number spanish version authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof regard council direct eec decemb aid shipbuild prolong regul ec regard council regul ec june aid shipyard restructur call interest parti submit comment pursuant provis cite regard comment procedur letter date august commiss approv restructur aid publicli own yard spain pursuant regul ec aid approv subject number condit includ volum aid complianc commiss monitor spanish govern submit regular monitor report septemb supplement inform provid monitor visit septemb octob year letter date octob commiss rais question volum tax credit grant yard spanish author comment letter date novemb letter date februari commiss inform spain decis initi procedur laid articl ec treati commiss decis initi procedur publish offici journal european commun commiss invit interest parti submit comment matter comment receiv forward commiss spain opportun make observ ii detail descript aid august decis state aid case commiss state aid total maximum esp billion support restructur publicli own yard spain packag approv aid includ quot special quot tax credit esp billion period reason inclus special tax credit restructur plan origin drawn yard part ini group instituto nacion de industria reduc tax loss ini accord gener applic spanish nation legisl offset loss profit group financi project plan assum tax credit continu fact august yard form part loss make state hold compani agencia industri del estado aie legisl pass law decemb allow compani posit continu decemb receiv state erquival amount entitl tax consolid system basi forecast loss restructur plan estim tax credit publicli own shipyard amount billion peseta commiss consid specif measur favour yard constitut state aid septemb yard absorb sociedad estat de participacion industrial sepi ini advantag gener tax consolid rule offset loss profit aid packag approv condit total sum amount categori aid maximum amount condit set ensur aid purpos intend limit distort effect aid shipbuild industri inform commiss context monitor restructur plan yard receiv special tax credit esp billion notwithdstand fact yard receiv tax credit gener measur loss base gener spanish tax consolid rule result integr sepi reason commiss doubt special tax credit esp billion paid accord previou aid decis compat common market iii comment interest parti commiss receiv comment member state denmark associ danish shipbuild foreningen af jernskib og maskinbyggeri danmark associ danish shipbuild comment tax credit concern constitut illeg aid repaid market situat major loss employ sector view echo danish author refer difficult global market situat problem yard closur workforc reduct denmark emphasis spanish yard direct competit danish yard obtain competit advantag state aid grant iv comment spain spain submit comment letter date april august provid supplementari observ essenti reiter substanc previou letter spanish author consid decis initi procedur imprecis natur suppos infring refer view text suggest infring firstli complianc commiss decis authoris aid packag grant aid form special tax credit incompat common market maintain conclus substanti confus present observ unclear complianc refer suppos infring appear distinct problem special tax credit refer infring relat issu assum commiss doubt compat special tax credit amount esp billion type aid authoris commiss concern amount approv supposedli exceed figur spanish author point year receiv aid match exact amount authoris erron suggest aid grant approv infring decis view commiss doubt base fals premis total amount ad fundament differ natur state aid tax credit gener measur effect aid form quot tax credit quot laid commiss august decis approv restructur aid packag public aid amount justifi gener tax system spain tax credit deriv financi consolid sepi group automat oper deriv applic gener legisl consid state aid commun law commiss made addit conclud aid grant excess spanish author shipyard integr sepi financi consolid regim commiss consid aid grant authoris spain disput conclus essenc declar amount receiv legal amount aid consid infring incorpor shipyard legal tax system suppos infring aid excess global sens specif sens spanish argument consequ deriv commiss interpret correct moment shipyard integr sepi commiss decis authoris aid shipyard consid substanti modifi aid form tax credit spanish author argu commiss appear recognis tax credit sepi tax system gener measur consid aid give rise legal infring decis tax credit begun effect fiscal year commiss practic origin decis authoris esp billion special tax credit consid modifi moment shipyard return regim financi consolid spanish author interpret foundat august decis state aid esp billion subject condit shipyard integr regim financi consolid futur integr shipyard sepi affect aid limit commiss alert spanish author step modifi decis absenc action de facto chang chang natur principl legal secur requir formal modif act fix aid limit absenc modif fact disappear aie incorpor shipyard sepi applic taxat norm constitut element give rise authoris limit exceed spanish author note text open procedur state shipyard incorpor sepi quot amount aid reduc appropri quot maintain argument valid demonstr aid excess impli excess authoris esp billion smaller amount authoris excess authoris esp billion excess spanish author argu decis modifi account shipyard integr sepi chang impact aid amount tax credit month septemb integr place maintain amount aid date authoris limit emphasis decis fix global amount head valid entir period restructur spain consid aid ad measur constitut aid incorpor shipyard sepi effect substanti modifi decis substanti reduct aid esp billion decis reflect global combin packag assist publicli own shipyard divid separ categori case account jointli spanish author recal estim amount aid form special tax credit reach esp billion final negoti prior commiss decis approv aid figur restructur plan revis order account delai approv implement addit aid agre top initi propos includ part packag increas figur special tax credit esp billion increas justifi delai approv implement restructur plan result greater loss foreseen shorter time disburs aid shipyard integr sepi loss reduct aid inclus chapter negoti final spanish author complex case negoti aid negoti main focu discuss made observ spanish author present data seek demonstr special tax credit grant limit explain aid directli relat year signific loss forecast year calcul net result tax amount esp billion esp billion final approv aid tabl show basi calcul gt tabl gt spanish author forecast carri begin base result estim result period deduct calcul forecast loss request made estim assess base tax credit result regard aspect spanish author aid calcul loss tax appli appli shipyard belong financi consolid group aie public bodi provid fiscal compens taxabl assess base spain fact shipyard integr sepi practic relev period shipyard aie control real loss justifi grant consist aid amount net result tax approv limit owuld wrong commiss conclud yard entitl smaller amount aid actual loss greater origin foreseen figur spanish author present observ loss amount esp billion esp billion esp billion septemb month shipyard incorpor sepi total loss period amount esp billion aid gener billion actual amount aid paid fact slightli due appli deduct period question spanish author payment aid effect tranch esp billion march esp billion juli time payment late budgetari constraint explain appar inconsist entitl payment payment correspond result basi calcul entitl gener tax consolid rule yard receiv interest due late payment interest payment made confirm method calcul net loss tax conclus spanish author aid figur head tax credit amount laid commiss decis amount aid authoris respect observ comment parti procedur spain submit view letter date june share concern express market situat consid problem face danish yard similar encount spanish yard unfair competit practic east deni suggest yard receiv illeg aid assess commiss note aid approv complianc provis regul ec consid compat common market compli articl ec treati appli provid condit laid commiss decis approv aid accord regul respect condit approv aid compli aid fall gener prohibit articl ec treati consid incompat common market declar compat reason regul ec contain derog normal rule aid shipbuild applic commun yard publicli own shipyard spain order creat possibl yard undergo comprehens restructur competit articl regul packag aid incompat shipbuild aid direct consid compat common market subject condit condit laid provis aid packag maximum categori aid approv includ special tax credit amount approv expressli state maximum word quot quot reflect commiss august decis make clear basi approv incompat aid includ special tax credit articl regul ec background commiss find difficult undertand spanish author claim reason initi articl procedur unclear fact case disput spanish author yard receiv aid total esp billion special tax credit notwithstand fact yard benefit tax credit gener measur open procedur commiss concern compat payment part ground result yard receiv full amount approv special tax credit suppos maximum yard receiv tax credit gener measur previou absenc sole reason special tax credit place justif pai maximum amount aid question infring commiss decis commiss doubt respect fulli confirm procedur explain main argument present spain summaris aid measur approv includ special tax credit negoti packag treat case packag specif provis tax credit total amount final approv increas origin envisag due delai approv plan exceed fact actual loss greater foressen decis prohibit yard tax credit gener measur addit special tax credit subsequ modifi effect yard integr sepi wrong add special gener tax credit concept gener measur tax credit base reintegr sepi constitut state aid amount esp billion special tax credit approv base forecast net account result tax period basi approv amount exceed argument concern perfectli true delai approv plan relev commiss assess addit aid provid account delai includ increas maximum tax credit esp billion esp billion importantli commiss note total amount aid packag maximum type aid claerli ensur aid purpos intend simpli oper aid enabl yard continu busi proper restructur fulli line commiss polici case consist commiss practic transfer aid categori case requir qualifi major member state council agre amend regul ec provid legal basi aid approv place commiss agre maximum amount aid approv includ maximum sum alloc tax credit appear exceed figur maxim automat entitl consist commiss polici aid grant establish case mean suffici achiev end aid aid consid compat common market minimum achiev object simpli improv situat recipi undertak approach confirm court justic judgement septemb case philip morri bv commiss imper case aid grant derog strict rule appli shipbuild sector link argument aid approv packag spanish author argu prior commiss decis integr sepi follow volum approv special tax credit reduc simpli propos addit aid make differ difficult commiss approach reconcil aid strict minimum includ loss compens tax credit reduc loss suffici enabl return viabil end restructur unclear purpos quot quot aid justifi serv impact counterpart measur impos minimis distort competit spain argument commiss acknowledg tax credit nation applic gener measur constitut state aid provid appli distinct firm product good commiss seek challeng spain appli gener measur publicli own shipyard integr group sepi benefit spanish tax consolid rule notwithstand grant credit addit special tax credit approv previou decis result yard receiv greater public financi support foreseen aid approv justif approv special tax credit gener tax credit yard examin avail gener tax credit grant highli relev determin special tax credit justifi question ad measur ad basi assess infring commiss decis respect special tax credit involv context commiss underlin note amount tax credit approv council commiss aid expressli state maximum automat entitl made clear commiss propos council point annex final assum tax credit gener measur intent yard obtain special tax credit credit gener measur possibl aris volum aid prove time head reduc spain criticis commiss draw attent implic integr yard sepi onu member state decis address ensur fulli respect commiss amend previou decis term condit origin decis perfectli clear full amount special tax credit paid time yard absorpt sepi ground commiss assum event result provis tax credit gener tax consolid rule maximum approv amount special tax credit need commiss awar breach decis receipt septemb monitor report confirm juli aid payment final account confirm tax credit gener rule began preliminari investig led open articl procedur spain main argument method calcul estim amount aid need form special tax credit commiss disput estim submit time spanish author base net result tax commiss accept estim precis amount approv maximum fact explain spanish tax law includ specif law pass yard special tax credit basi determin tax credit entitl tax account result amount tax base fact amount state maximum meant time scrutinis detail method calcul tax credit matter purpos control aid ultim effect competit amount actual loss practic tax credit purpos context note law enabl yard benefit special tax credit state compani decemb classifi group capabl make consolid tax declar compens loss profit gener compani group lost possibl receiv state amount compani tax due remain tax consolid system accord current legisl articl law decemb compani tax law make clear amount paid calcul taxabl base articl law defin account result correct perman differ elig item temporari differ restructur provis allow cost gener paid subsequ evid audit account separ yard special tax credit loss determin basi net result tax clear account tax credit grant gener tax consolid rule calcul basi spanish calcul amount aid justifi correspond actual taxabl result explain payment basi law justifi sepi gener gener tax credit accord spanish fiscal law correspond result month period yard integr sepi full year spanish claim aid justifi wors expect result debat basi figur actual net result tax significantli foreseen plan loss higher confirm fulli cover gener tax credit commiss made analysi basi taxabl base publish audit account calcul tax credit yard entitl receiv period basi yard tax separ basi estim entitl payment made year entitl gt tabl gt total entitl year esp billion esp billion correspond combin account pre temporari differ amount esp billion reduc relev figur esp billion total special gener tax credit paid amount esp billion compris esp billion special tax credit tax credit paid gener measur acknowledg gener tax credit accord spanish fiscal law correspond result month period yard integr sepi full year constitut aid question examin tax credit due cover aid form special tax credit extent esp billion paid justifi basi note payment receiv esp billion march esp billion juli payment correspond entitl appar justif applic tax law payment entitl cover full tax credit gener measur remain possibl yard ow interest due late payment tax credit entitl allud spanish author present figur neg sens state interest payment made basi determin credit due normal tax consolid rule provid payment note commiss accept spanish figur accept credit calcul accord gener tax consolid rule basi inform commiss unabl judg yard legal entitl interest payment event tax credit paid late accept entitl paid late case data provid spanish author prior commiss decis support data submit yard framework monitor suggest fact anticip payment interest due explain payment esp billion conclud yard receiv full entitl tax credit basi special tax credit paid result gener tax credit paid result greater foreseen loss payment special tax credit consid breach commiss decis justifi special tax credit esp billion serv altogeth purpos effecitv oper aid enabl yard reduc loss articl council direct eec appli period question oper aid subject common maximum aid ceil commiss awar public yard receiv contract relat aid maximum ceil leav headroom addit aid commiss conclud payament esp billion longer compat articl ec treati basi compat exist invok spain aid incompat common market pursuant articl ec treati commiss note aid incompat common market recov aim recoveri aid seek creat statu quo ant annul neg effect competit caus illeg aid commiss stress sum recov bear interest date made recipi actual recoveri recoveri effect accord procedur nation law interest calcul basi refer rate calcul grant equival region aid vi conclus commiss conclud publicli own yard spain receiv aid form special tax credit esp billion legal justifi limit aid payment exceed maximum maximum aid correspond taxabl loss assumpt yard unabl benefit tax credit spain gener tax consolid system essenti condit approv aid compat aid common market pursuant articl ec treati opinion commiss esp billion longer compat articl ec treati incompat common market pursuant articl ec treati sum recov sum recov bear interest date aid made recipi actual recoveri adopt decis articl state aid grant spain favour publicli own shipyard amount eur esp billion incompat common market articl spain measur recov recipi aid refer articl recoveri effect accord procedur nation law aid recov bear interest date made recipi recoveri interest calcul basi refer rate calcul grant equival region aid articl spain inform commiss month notif decis measur compli articl decis address kingdom spain brussel octob commiss mario monti member commiss oj oj oj oj footnot oj boe decemb footnot rec paragraph boe decemb