commiss decis june state aid grant feder republ germani salzgitt ag preussag stahl ag group steel industri subsidiari salzgitt ag stahl und technologi sag notifi document number german text authent text eea relev ecsc commiss european commun regard treati establish european coal steel commun regard commiss decis ecsc decemb establish commun rule state aid steel industri sixth steel aid code articl thereof notic parti concern submit comment accord aforement provis regard comment procedur begin commiss observ read annual account preussag stahl ag compani subsidis germani repeatedli number year commiss enter case regist unnotifi state aid measur number nn order form clearer pictur situat commiss germani request inform march answer april septemb novemb januari juli commiss germani copi decis case nn nn lastli meet expert held septemb januari letter date march commiss inform germani decis initi procedur articl sixth steel aid code respect aid grant germani zonal border develop act zonenrandförderungsgesetz zonenrfg salzgitt ag preussag stahl ag psag group ecsc subsidiari compani combin sag stahl und technologi decis publish offici journal european commun commiss invit interest parti give view aid commiss receiv observ interest parti forward germani opportun comment germani submit observ letter date juli ii detail descript measur evid grant aid recipi rumour circul connect psag approach compani acquisit commiss found examin psag annual account subsidi grant germani occas item appear liabil side balanc sheet gt tabl gt note account quot special reserv item quot establish section zonal border develop act section develop area act fördergebietsgesetz section incom tax act einkommensteuergesetz estg letter germani special reserv item broken million dem gt tabl gt annual account group undertak show reserv form subsidiari accord zonenrfg psag salzgitt ag iron steel work privatis acquir walzwerk ilsenburg gmbh roll mill end begin preussag group sold psag lower saxoni norddeutsch landesbank nord lb psag renam salzgitt ag stahl und technologi sag june sag equiti float stock exchang chang sharehold salzgitt psag sag manifestli continu oper iron steel industri compani total workforc consolid turnov dem billion steelwork locat salzgitt pein ilsenburg salzgitt pein zonal border area zrg mention decis initi procedur salzgitt psag sag stahl und technologi undertak mean articl ecsc treati background zonenrfg arrang tax arrang area border gdr czechoslovak socialist republ csr back view counter special econom disadvantag tonal border area zonal border develop act zonenrfg pass provid tax incent invest region approv commiss examin articl previou articl ec treati thing broader provis special depreci allow tax free reserv ordinari legisl act amend time commiss fresh decis grant region aid decis case nn nn commiss view special depreci allow tax free reserv constitut state aid scope articl ec treati aid compat common market decis approv timet machineri end latest special depreci allow tax free reserv provid germani effect measur letter date octob april germani detail exampl effect special depreci allow tax free reserv impact special depreci allow due establish higher rate depreci elig invest initi year ordinari legisl tax base initi year reduc remain period lower rate depreci establish adjust mechan gain undertak benefit special depreci allow tax free reserv produc gain undertak amount gain vari discount rate rate corpor tax invest accompani tax measur grant germani commun germani total invest volum enter balanc sheet salzgitt group dem billion case salzgitt preussag stahl ecsc sector subsidiari dem billion made enter special depreci allow tax free reserv account pursuant section zonenrfg small proport invest question attribut ecsc sector invest made environment protect field doubt express commiss decis initi procedur decis initi procedur commiss observ probabl subsidi grant salzgitt preussag stahl ecsc subsidiari steel industri group busi combin sag form special depreci allow tax free reserv unlaw state aid light articl ecsc treati individu version steel aid code appli commiss reason preliminari examin case aid question compat common market articl applic present case differenti invest insid ecsc sector unten lastli inform demonstr compat common market environment project carri undertak question commiss rais doubt difficulti abil carri examin regard point comprehens coverag invest aid grant zonenrfg precis determin intens assist measur question refund unlaw incompat aid sag iii observ interest parti uk steel associ interest parti part proceed letter essenti assert measur examin aid incompat common market measur gener measur limit geograph zonal border area relianc germani articl ec treati accept commiss court instanc held uk steel associ commiss steel aid code preced provis appli sector code interpret restrict time steel aid code forc grant region aid undertak locat zonal border admiss uk steel associ think doubt environment aid authoris case argument aid activ sag ecsc sector accept commiss undertak activ insid ecsc sector close link danger spillov effect great lastli uk steel associ request commiss demand provision repay aid iv germani observ respons initi procedur germani suppli observ main point meet attend repres germani sag commiss brussel decemb march point address letter date subsequ confirm letter germani date januari march summaris germani argument germani consid fulfil duti commun arrang zonenrfg commiss question special depreci allow tax free reserv zonenrfg germani observ act piec gener tax legisl larg area germani exempt grant tax author except undertak met criteria specif regard nation locat busi activ zonenrfg approv commiss articl ec treati order compens econom disadvantag caus divis germani element refer word act recipi receiv compens addit advantag connect germani refer twenti seventh report competit polici point zonal border area mention view polit legal substanc zonenrfg normal region aid scheme object give undertak region chanc competitor articl ec treati make aid compat se articl commiss power authoris aid condit met textual comparison paragraph articl show commiss present case examin undertak locat area affect divis germani area suffer econom disadvantag caus divis aid serv compens disadvantag level aid condit met case zonenrfg aid compat common market compat commun law germani point articl ec treati appli contest measur ecsc treati articl provis zonenrfg region aid mean articl measur object compens econom disadvantag caus divis germani accord decis court justic european commun provis ec treati appli ecsc sector specif question disput govern primari secondari ecsc law line decis appli articl ec treati gap ecsc treati close articl econom polici purpos restrict specif sector aim equal treatment undertak zonal border area irrespect activ articl ec treati applic ecsc sector gener region aid end lifetim steel aid code principl discrimin reiter recit sixth steel aid code germani take view measur examin unlaw aid back explan refer twenti sixth report competit polici germani point zonenrfg expir extend loss suffer competitor complain commiss grant special depreci allow undertak concern sag undertak exclud preferenti treatment zonenrfg year act expir annual account undertak concern publish annual forward commiss annual account undertak grant definit tax statu regard preced year lead conflict commun nation rule legitim expect aid aspect tax provis recent includ specif aid polici special depreci allow tax free reserv creat examin invest aid focus invest allow invest subsidi refer made conclus cardiff european council june commiss notic applic state aid rule measur relat direct busi taxat lastli germani point undertak brought action court instanc decis initi procedur fourth aid zonenrfg scheme regard incompat common market commiss germani opinion base find articl ecsc treati result court instanc judgment wirtschaftsvereiningung stahl commiss germani invok articl council regul ec march lai detail rule applic articl ec treati limit period year applic articl ecsc sector due fact principl legal certainti gener principl commun law decis ecsc acciaieri di bolzano commiss appli year limit period limit period interrupt commiss letter march year comput period mean cutoff point fall middl undertak financi year end septemb germani view restrict invest financi year lead complex administr problem germani consid commiss confin investig period start octob invest resourc dem million exclud basi calcul aid sixth germani maintain distinct drawn invest ecsc sector invest depend natur product activ ecsc sector account total invest respect germani refer commiss decis ecsc gröditzer stahlwerk point locat ecsc product ecsc product physic separ addit special depreci allow ecsc product ecsc product differenti lastli commerci activ subsidiari undertak purpos articl ecsc treati dem million special depreci allow receiv undertak period concern germani opinion total dem million special depreci allow dem million tax free reserv grant period exclud basi calcul aid seventh particular environment invest detail suppli project connect undertak receiv environment aid total invest volum dem million dem million attribut addit environment cost dem million special depreci allow account dem million period depend specif condit project met exceed environment standard forc dem million aid germani view compat base fact commiss carri spot check addit inform suppli eighth tax provis zonenrfg drawn commiss attent section act special depreci allow tax free reserv grant invest zonal border area combin type aid rule principl dem million invest commiss includ comput special depreci allow tax free reserv revers special depreci allow item dem million post balanc sheet ninth germani point strength advantag confer limit deferr corpor tax result special depreci allow tax free reserv section zonenrfg depend financi tax situat undertak aid form tax deferr incompat common market amount post tax interest rate advantag demand point annex guidelin nation region aid read quot intens aid calcul taxat deduct tax payabl tax compani profit basi term net grant equival nge repres aid accru recipi payment relev tax assum enterpris make profit year maximum tax charg aid quot tenth regard discount rate commiss propos uniform rate period germani consid period investig vari interest level europ posit financi situat undertak account propos specif interest rate salzgitt ag comment close determin refer discount rate publish offici journal european commun septemb libor refer period averag surcharg basi point ad refer rate interest rate grant equival special depreci allow tax free reserv aid amount dem million dem million germani point repay unlaw aid incompat common market exce actual advantag undertak deriv eleventh germani propos annual interest rate repay unlaw incompat aid rate correspond applic germani tax credit altern commiss agre propos germani propos interest charg abovement discount rate twelfth lastli germani consid link undertak salzgitt preussag sag respons comment uk steel associ germani letter juli basic repeat argument set letter addit figur germani posit invest amount cover section zonenrfg result aid summaris gt tabl gt assess aid beneficiari measur commiss view extrem strong econom link steel busi firm salzgitt ag sold germani preussag ag preussag stahl sag involv exchang sharehold firm substanti chang main busi activ product centr pein salzgitt lower saxoni assist invest carri letter germani date juli occas examin privatis condit salzgitt group commiss confirm analysi commiss view beneficiari measur salzgitt ag stahl und technologi sag histor perspect firm present case salzgitt ag preussag stahl ag ecsc subsidiari firm benefit measur examin natur aid steel industri articl ecsc treati quot recognis incompat common market coal steel abolish prohibit commun provid treati subsidi aid grant state special charg impos state form whatsoev quot time concept aid mention articl compris quot intervent form mitig charg includ budget undertak quot explain recit deferr tax undertak result establish special depreci allow tax free reserv accord section zonenrfg repres gain firm favour firm compar undertak appli gener legal provis exempt charg compar ordinari depreci rule appli germani special depreci allow encumb budget deferr tax analys interest loan amount tax defer durat deferr transfer state resourc result gain firm financ state temporarili forgo revenu lastli commiss find specif tax provis applic geograph limit region germani zonal border area subsidi grant section zonenrfg germani form special depreci allow tax free reserv undertak sag salzgitt preussag stahl group ecsc subsidiari constitut aid steel industri mention germani zonenrfg approv commiss region aid scheme basic aid steel industri incompat common market cover except explicitli provid steel aid code duli authoris approv articl ecsc treati contest measur constitut aid commiss find articl ecsc treati appli de gezamenlijk steenkolenmijnen limburg high author mention court justic establish quot articl articl cover field articl abolish prohibit action member state field treati jurisdict commun intend prevent distort competit exercis residu power member state inevit entail quot zonenrfg gener tax provis region aid scheme subject articl ecsc treati articl invok germani initi procedur oblig notifi examin duti notifi impos member state aid grant place present case light specif rule laid steel aid code steel aid code quot establish comprehens commun rule ensur aid grant steel industri treat uniformli common procedur rule cover specif aid scheme intend benefit steel industri aid grant industri gener region scheme quot articl code state quot commiss inform suffici time enabl submit comment plan grant alter aid type refer articl likewis inform plan grant aid steel industri scheme decis eec treati quot articl maintain subsequ steel aid code acciaieri di bonzano commiss court instanc explan respect common ground entri forc code januari oblig notifi financi measur uncondit articl code provid commiss inform suffici time enabl submit comment plan grant alter aid plan transfer state resourc member state region local author bodi steel undertak lastli articl provid individu award aid notifi zonenrfg examin articl ec treati approv ecsc sector success authoris act region aid state provis condit commun law observ applic propos measur relat area activ industri commiss consist practic steel industri sector specif rule appli individu case applic zonenrfg steel undertak exempt notif specif provid relev arrang instanc steel aid code detail kind suppli germani period germani exempt oblig notifi aid propos individu applic exempt provid articl ec treati aid sag commiss find unexpect send annual report saltzgitt preussag stahl sag constitut notif commiss conclud aid examin time notifi back germani fulfil oblig prior notif disput aid unlaw assess basi calcul elig invest period limit regul ec adopt council articl previous ec treati detail rule applic articl previous treati field applic limit ec sector direct applic regul ecsc sector rule subsidiari complementari applic procedur rule commiss observ ec treati rule adopt applic ecsc product question rais cover ecsc treati rule adopt thereund conclud ecsc treati instrument deriv steel aid code provid period limit aid concern bfm efim commiss court instanc rule quot order fulfil function ensur legal certainti limit period fix advanc commun legislatur quot case current proceed pursuant ecsc treati nation aid prohibit special authoris grant steel aid code base articl ecsc treati situat fundament articl ec treati commiss wide power discret question aid prohibit uncondition incompat prescript claus regul ec order give legal certainti situat cover ec treati point prescript ecsc sector continu subject uncondit prohibit prohibit ecsc treati ensur legal certainti special authoris aid unlaw time bar examin measur conflict fundament principl ecsc treati commiss acciaieri di bolzano decis juli lai italian aid incompat ecsc treati recov base except circumst regard present sag case recoveri incompat aid itali confin aid occur posit born entri forc steel aid code januari explicitli aid grant undertak steel industri notifi advanc sag proceed aid examin januari recognis refer year period acciaieri di bolzano decis link period limit germani argument commiss appli year limit period ecsc sector accept commiss commiss conclud time limit examin measur base applic regul ec accept observ principl legal certainti germani point unlaw incompat aid recov accord nation legal procedur mean applic limit period provid law regard commiss simpli point accord decis court justic nation legal provis appli recoveri requir commun law render practic imposs ecsc sector ecsc sector firstli legal independ commerci activ subsidiari deumu baunat steel industri undertak purpos articl ecsc treati compani carri invest worth dem million respect special depreci allow dem million appli aid question cover ec treati grant accord approv ec scheme commiss conclud compat common market exclud basi calcul commiss gener distinguish ecsc ecsc activ steel industri undertak consid risk spillov effect consider germani refer commiss decis ec ecsc juli state aid grant germani groditz stahlwerk gmbh subsidiari walzwerk burg gmbh convinc special case characteris separ ecsc ecsc activ exclud risk spillov effect commiss view condit satisfi present case process physic separ wast water treatment plant form account tube roll mill foundri waterwork vocat train social economi profit centr mention germani letter march risk spillov effect consolid compani sag case profit centr concern simpli enter normal arithmet depreci special depreci allow result aid larg account sag germani shown train social arrang intend sole ecsc activ letter uk steel associ point ecsc activ compani concern fact incorpor ecsc activ commiss conclud assess basi calcul invest elig aid section zonenrfg distinct made ecsc ecsc activ special depreci allow establish undertak commerci activ subsidiari belong ecsc sector combin special depreci allow tax free reserv imposs combin special depreci allow tax free reserv concern commiss take view examin argument put forward germani convinc dem million deduct basi calcul special depreci allow summari tabl amount special depreci allow tax free reserv unlawfulli grant undertak concern summaris gt tabl gt assess aid intens measur explain decis initi procedur calcul intens aid measur assess differ germani commiss tax rate germani refer point annex guidelin nation region aid quot guidelin quot quot intens aid calcul taxat deduct tax payabl tax compani profit basi term net grant equival nge repres aid accru recipi payment relev tax quot calcul net grant equival rate tax undistribut profit account rate estim tax deferr advantag undertak commiss point rate tax vari period discount rate refer rate commiss note point annex guidelin lai quot present calcul stage determin nge aid invest expenditur stagger time actual time aid disburs expenditur account invest expenditur aid payment discount back end year enterpris made depreci write present calcul benefit obtain repay subsidis loan tax charg grant rate case refer discount rate determin commiss member state addit discount rate calcul interest subsidi low interest loan quot calcul grant equival region refer rate appli time aid grant discount rate result rate year refer rate germani gt tabl gt germani part propos uniform discount rate period reason explain commiss accept posit point consid justifi rate germani explain weight averag interest rate determin period loan contract sag gener interest charg invest loan made firm gener interest receipt quot actual quot advantag firm account commiss commiss observ contest measur relat year analysi limit period period germani calcul method interest rate sag excess liquid advantag special depreci allow tax free reserv meant lend resourc weight averag lend rate mention meet decemb discount rate contrast interest rate constitut object advantag undertak reflect firm financi circumst salzgitt valu purpos repurchas psag futur cash flow discount rate addit financi theori discount rate weight averag cost capit firm concern take account cost borrow cost equiti borrow cost determin simpli interest loan grant undertak appli equiti cost frequent calcul capit asset price model capm model equiti cost equal risk interest rate market concern risk premium market multipli beta coeffici beta coeffici correspond return requir market sector measur directli ratio result firm sector stock market valu correct financ structur gear firm concern germani approach support argument lastli germani explain discount rate close rate result method set refer discount rate adopt commiss base argument trend month interbank rate method requir year interbank swap rate juli commiss adopt notic refer discount rate member state adopt euro includ germani futur indic refer rate defin averag year interbank swap rate premium basi point justif suppli germani valid natur invest intens aid examin depend rate corpor tax discount rate natur invest carri intens account germani nge special depreci allow tax free reserv obtain standard basi calcul land build equip germani shown assist invest correspond standard basi calcul point discuss meet decemb germani unabl send commiss precis descript invest carri conclus depend fluctuat rate tax compani profit fluctuat refer discount rate precis natur invest benefit special depreci allow tax free reserv aid intens measur chang annual commiss find germani calcul intens aid investig germani intent account quot actual quot situat undertak express suffici detail calcul paramet determin assess advantag enjoi salzgitt preussag stahl group ecsc steel industri subsidiari commiss inform make assess view court justic judgment french republ commiss commiss suffici give addresse decis mean determin actual amount aid undu difficulti commiss decis inform calcul aid intens special depreci allow tax free reserv accord gener method germani letter octob germani respect year period appli rate tax compani profit forc time ratio basi calcul depend natur invest land build equip incompat region aid compat contest unlaw aid common market examin light articl ecsc treati relev steel aid code commiss wish explain articl ec treati articl ecsc treati appli proceed applic articl ec treati demonstr compat common market special depreci allow tax free reserv grant salzgitt psag sag germani reli articl ec treati complement argument set limit period commiss note applic articl ec treati steel undertak automat rule steel aid code specif derog prohibit aid articl ecsc treati strict interpret code confirm word preambl fourth steel aid code council commiss express code interpret strictli accord explicit word recit fourth code read quot subsidi form whatsoev specif specif member state grant steel industri aid expressli provid duli authoris decis prohibit articl treati quot steel aid code provid implement except ecsc sector pursuant articl ec treati germani prove opposit addit articl ecsc treati procedur implement code requir unanim assent council germani want introduc similar except articl ec treati steel aid code context happen germani maintain undertak insid ecsc sector treat equal claim shown possibl introduc steel aid code grant aid steel industri research develop environment protect uk steel associ commiss court instanc held decis ecsc steel aid code provid commun guidelin state aid environment protect automat applic steel industri held infer principl cite preambl decis steel industri sector guarante equal access aid environment protect automat appli commiss observ code gener rule longer region invest aid oper aid train aid provid similarli current code rescu restructur aid cover contrast onward closur aid mention ec treati provid success code ecsc treati respect steel aid code forc creat legal vacuum quot fail quot mention articl ec treati situat reflect intent member state commiss account specif circumst appli steel industri make substanc articl ec irrelev argument put forward germani equal treatment undertak account commiss appli except provid articl contest measur principl equal treatment steel industri sector aid requir event aid common interest satisfi condit mention steel aid code case commiss note refer point twenti sixth twenti seventh report competit polici directli link view put forward germani present case instanc point twenti sixth report concern technic assist central east european countri commiss opinion question present case appli provis ec treati subsidiari ecsc sector germani argument regard articl ec treati reject final member state wish grant aid basi except treati provid data commiss check condit attach except met preliminari examin duti notifi aid propos commiss found articl ec treati applic ecsc sector case germani show proceed conclus causal link divis germani compens econom disadvantag caus divis salzgitt preussag stahl sag suffer commiss opinion articl ec treati serv basi decis establish compat aid examin common market coal steel applic articl ecsc treati commiss observ present proceed formal applic made germani introduct procedur articl ecsc treati system creat ecsc treati regard state aid empow commiss condit subject complianc procedur articl authoris grant state aid case provid treati appar decis attain common market coal steel accord articl object commun set articl court instanc decis wirtschaftsvereiningung stahl failur notifi suffici reason releas prevent commiss take initi basi articl declar aid compat common market paragraph judgment court find commiss bound comprehens rule introduc code assess light treati compat aid code appli authoris aid individu decis run counter gener rule establish code region invest aid authoris steel aid code forc precis area includ local invest subsidis special depreci allow tax free reserv carri commiss conclud articl ecsc applic present case commiss exercis discret matter take view deal proceed case provid treati specif decis order achiev commun object fulli articl ecsc treati instanc aid grant aim provid german steel industri sound econom viabl structur similarli germani refer plan reduc capac group concern directli relat grant special depreci allow tax free reserv grant aid articl ecsc treati justifi case connect econom financi trend steel industri earli individu decis articl ecsc treati restructur aid grant undertak council commiss made joint statement council minut decemb prejudic member state request decis articl ecsc accord council conclus februari council declar firm commit avoid articl derog respect aid individu compani steel aid code light articl ecsc treati unlaw aid grant germani section zonenrfg salzgitt preussag stahl group ecsc subsidiari form special depreci allow tax free reserv incompat common market fall scope except explicitli provid steel aid code duli authoris steel aid code appear lai compulsori notif period aid scheme fourth code expir gt tabl gt notif time limit aid examin laid steel aid code observ germani order presid court justic case germani commiss refer made duti prior notif impos steel sector member state paragraph read quot failur member state compli oblig give prior notif commiss infring conduct contraven system essenti protect common market quot clear court justic judgment octob time limit notif aid scheme laid steel aid code preclus period authoris aid scheme notifi rule aid question notifi commiss period code forc todai authoris region invest aid germani code valid region aid authoris invest carri territori länder present case pein salzgitt lower saxoni establish present case relianc articl ecsc treati basi individu decis proceed justifi unlaw region aid salzgitt preussag stahl group ecsc subsidiari grant section zonenrfg form special depreci allow tax free reserv incompat common market incompat environment invest common market letter octob germani inform commiss undertak involv carri invest dem million dem million account addit environment cost elig environment protect aid project environment protect compon commun commiss detail suppli retro fit build plant attain standard lack mandatori standard suppli scheme section incom tax act estg financ aid environment protect germani letter march list project categori upgrad plant meet mandatori standard upgrad plant voluntari attain significantli higher level environment protect mandatori standard involv invest plant view voluntari attain higher level environment protect mandatori standard involv miss project relat priori invest commiss observ steel aid code prior current aid longer authoris current code aid environment protect regard compat common market compli rule laid commun guidelin state aid environment protect publish offici journal european commun march meet criteria applic ecsc steel undertak set annex sixth steel aid code aid examin grant accord section zonenrfg intend part financ environment invest comparison potenti aid intens region aid scheme zonenrfg section estg suffici ground conclud object addit base calcul aid necessarili commiss view sag concern aid question realiti close region invest aid achiev specif environment goal court justic explain germani commiss commiss circumst entitl authoris grant state aid attain object ecsc treati give rise distort competit common market steel data germani submit octob januari march upgrad plant order meet standard show plant question suffici long residu life decis carri invest econom ground result ag plant equip commiss data effect invest capac germani gener assert invest concern lead lower product cost inappropri clear annex letter march modernis convert ga product plant make reduc plant oper cost argument cost reduct plant undertak total cost lower fuel potenti cheaper valid present case germani claim aid made environment improv earlier stage suffici justifi commiss conclud aid grant unlawfulli germani section zonenrfg authoris commiss observ germani numer opportun provid addit inform environment protect measur offer contain letter march suppli fresh addit inform arrang spot visit element germani opportun provid germani refer letter octob januari compat aid dem million connect invest carri valid present case estim carri subsequ steel aid code forc allow aid environment protect grant order make easier adapt statutori standard gener scheme plant oper year entri forc standard aid grant intens tabl set letter octob relat aid plant intens commiss authoris addit environment aid invest carri invest fact carri undertak applic aid special depreci allow addit aid essenti execut project incompat articl ecsc treati applic reason state recit precis amount contest aid determin method quot region aid quot part decis recoveri unlaw aid incompat common market aid incompat common market principl paid back recipi benefit fact member state grant public resourc breach ecsc treati steel aid code unlik germani commiss take view unlaw incompat aid continu produc effect detriment competitor undertak concern uk steel associ demand provision repay aid question order restor situat exist unlaw incompat aid grant commiss order recoveri aid siemen commiss court instanc explain quot decis order recoveri state aid commiss oblig determin incid tax amount aid recov calcul fall scope nation law requir gross sum recov quot establish context decis commiss suffici inform calcul amount aid question precis addit interest unlaw incompat aid recov refrain claim recoveri aid payment interest sum illeg grant tantamount enabl undertak receipt sum retain financi advantag result grant illeg aid form interest free loan constitut aid distort threaten distort competit current steel aid code lai commun rule recoveri unlawfulli paid amount articl stipul repay subject interest rate refer assess region aid scheme run date disburs german propos calcul interest rate equival tax credit rate mention analysi discount rate accept present proceed interest rate refer rate period examin tabl applic method result recoveri unlaw incompat aid amount exce advantag enjoi undertak explain analysi discount rate refer rate case close estim financi advantag recipi result provis aid examin lastli commiss point establish decis initi procedur repay germani automat regard penalti tax deduct commiss ask consequ deduct germani comment point regard implement decis germani commiss check amount recov correspond definit estim amount unlaw incompat aid advantag automat calcul post tax basi commiss expect recoveri involv net vi conclus commiss find germani unlawfulli grant aid form special depreci allow tax free reserv salzgitt ag preussag stahl ag group ecsc subsidiari compani combin quot sag quot breach ecsc treati relat steel aid code base calcul gt tabl gt result aid amount determin germani cooper commiss incompat common market aid recov germani altern method determin grant equival undertak tax return year make revers entri unlaw incompat special depreci allow tax free reserv interest capit calcul adopt decis articl state aid germani grant salzgitt ag preussag stahl ag psag group ecsc subsidiari combin sag stahl und technologi form special depreci allow tax free reserv respect elig base dem million dem million pursuant section zonenrfg incompat common market articl germani measur recov recipi aid unlawfulli made refer articl recoveri effect accord procedur provis german law sum recov bear interest date made recipi actual recoveri interest calcul basi refer rate calcul grant equival region aid articl germani inform commiss month notif decis measur compli actual arrang calcul amount aid concern specif condit recoveri articl decis address feder republ germani brussel june commiss mario monti member commiss oj oj footnot decis ecsc februari oj decis ecsc novemb oj oj case ecr ii oj oj oj oj case de gezamenlijk steenkolenmijnen limburg high author ecr decis no ecsc februari ecsc novemb ecsc decemb oj case ecr ii join case ecr ii paragraph case commiss germani oj oj oj oj case ecr ref ic case ecr ii except greec länder germani subject condit product capac reduc case ecr ii sidenor spain sächsisch edelstahlwerk gmbh germani corporación de la siderurgia integr csi spain ilva itali eko stahl ag germani siderurgia nacion portug case germani commiss ecr paragraph project relat quot construct elecrolyt strip galvanis plant salzgitt work quot list letter march mention letter octob germani figur environment protect invest amount dem million case ecr paragraph case siemen commiss ecr ii siemen commiss loc cit paragraph seq