commiss decis march aid grant itali post italian spa ent post italian notifi document number italian text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof call interest parti submit comment pursuant provis cite procedur april commiss receiv complaint state itali grant state aid ent post italian hereinaft epi complain ask commiss check aid measur justifi commun law commiss request preliminari inform letter date octob italian author repli juli februari juli commiss decid initi proceed articl articl letter date august commiss inform itali decis initi proceed articl ec treati respect measur hereinaft open decis commiss learnt report press itali plan grant addit aid procedur pend letter juli commiss ask inform measur furnish italian govern letter august commiss decid extend articl procedur measur septemb itali inform decis letter date octob hereinaft extend decis commiss decis open extend procedur publish offici journal european commun decis commiss invit interest parti submit comment measur refer complain measur identifi commiss complain submit observ commiss letter date march decemb commiss forward observ itali opportun respond comment submit letter june regist commiss june italian author submit observ letter octob decemb commiss request addit inform letter decemb februari march decemb januari italian author provid inform request letter februari april june juli august septemb septemb februari januari februari meet held italian author decemb februari march june june octob octob meet held complain juli januari april juli letter date decemb regist commiss decemb complain inform commiss withdraw complaint trigger investig complain introduct postal direct end market situat develop itali nullifi complaint ii legal background relev commun legisl decemb european parliament council adopt direct ec common rule develop intern market commun postal servic improv qualiti servic hereinaft postal direct gener framework partial liberalis postal sector commun level connect commiss adopt notic applic competit rule postal sector assess state measur relat postal servic hereinaft postal notic set quot commiss interpret relev treati provis guid principl commiss intend appli competit rule treati postal sector individu case quot postal direct enter forc februari member state year compli postal direct postal notic provid guidanc assess present case measur examin decis entri forc postal direct postal direct stipul member state provid quot univers servic involv perman provis postal servic qualiti point territori afford price user quot univers servic includ postal item kilogram postal packag kilogram parcel servic nation author increas weight limit univers servic kilogram principl univers servic reserv direct acknowledg provis univers servic requir special compens quot extent ensur mainten univers servic servic reserv member state univers servic provid correspond price time public tariff item correspond weight step fastest standard categori provid weigh gram quot cross border mail direct mail reserv limit articl direct lai precis rule univers servic provid appli order establish separ account system read quot member state measur ensur year date entri forc direct account univers servic provid conduct accord provis articl univers servic provid separ account intern account system servic reserv sector hand reserv servic account reserv servic distinguish servic part univers servic servic intern account system oper basi consist appli object justifi cost account principl account system refer paragraph prejudic paragraph alloc cost reserv reserv servic manner cost directli assign servic assign common cost cost directli assign servic alloc common cost alloc basi direct analysi origin cost ii direct analysi common cost categori alloc basi indirect linkag cost categori group cost categori direct assign alloc indirect linkag base compar cost structur iii direct indirect measur cost alloc found cost categori alloc basi gener alloc comput ratio expens directli indirectli assign alloc hand reserv servic hand servic nation regulatori author ensur complianc cost account system paragraph verifi compet bodi independ univers servic provid member state ensur statement complianc publish period quot oblig refer paragraph enter forc februari postal direct transpos italian legisl decre law juli enter forc august articl decre law reproduc articl direct articl decre audit firm respons certifi account univers servic provid check account compli abovement rule separ account postal direct enter forc programm contract januari conclud epi ministri telecommun hereinaft contract requir epi gradual adopt system separ account compli principl transpar object equal treatment order ensur effect competit reserv servic articl contract stipul separ account ensur cross subsidis reserv reserv sector articl requir ministri epi defin basic paramet account system capabl alloc revenu cost capit provis servic basi activ requir product articl certifi audit firm società iscritta albo special dell società di revision certifi complianc principl separ account contain articl contract oblig articl contract incorpor law requir epi separ account separ cost revenu relat servic provid statutori monopoli obtain servic provid system open competit lastli direct presid council minist novemb requir account system univers servic provid reflect distinct postal servic financi servic separ financi account cost centr establish alloc area activ cost concern area order compli oblig separ account contain provis articl postal direct articl decre law epi pi adopt account system base methodolog call activ base cost activ base cost differ tradit cost reduc pool attribut common cost trace activ product basi statist studi establish causal link hand activ overhead consumpt cost driver activ product activ driver method suitabl industri high level common cost post offic line criteria set articl postal direct pi alloc cost oper basi object driver product full proport cost alloc alloc cost attribut directli product product appli activ base cost method remain cost method determin cost activ manag provid servic computeris busi proport activ quot consum quot product servic sold pi univers reserv reserv bear proportion amount total cost incur pi produc servic unlik postal oper pi identifi individu compon cost instanc cost maintain post offic unprofit locat cost attribut sole public servic pi alloc proport cost territori network common cost commerci servic account system make calcul profit loss product sold pi auditor entrust task provid articl postal direct articl contract articl decre law juli certifi separ account epi pi observ consist conform separ account epi pi made audit firm basi inform provid italian author commiss examin activ base cost methodolog adopt epi pi separ account annual audit report conclud reflect correct alloc pi cost activ circumst present case public postal oper exclus servic gener econom interest commiss conclud separ account epi pi assess cost revenu servic provid italian public postal oper determin net extra cost gener servic task entrust epi pi net extra cost task higher supplementari aid grant pi commiss verifi exist cross subsidi benefit competit activ pi postal notic postal notic make clear quot cross subsidis distort competit cost reserv activ subsidis revenu gener reserv servic competit servic subsidis provis reserv servic revenu gener activ open competit quot postal oper quot incom reserv area cross subsidis activ area open competit quot notic conclud servic offer systemat select price averag total cost commiss case case basi investig matter articl articl articl articl treati notic quot definit reserv area account financi resourc provis servic gener econom interest quot notic underlin intern account system identifi separ cost revenu provis servic section notic state price competit servic quot principl equal averag total cost provis mean cover direct cost proport common overhead cost oper quot italian postal market postal servic provid itali amministrazion post telegrafi hereinaft apt branch italian ministri post telecommun entri forc decre law june addit provid postal servic apt respons collect post offic save provid payment system collect post offic save introduc law subsequ amend decre presid republ oblig provid payment system introduc decre septemb amend decre oper part ministri apt entitl set rate price servic fix ministri independ legal statu separ legal entiti ministri limit account autonomi apt account integr part ministri budget approv year part annual financi legisl state budget period apt profit loss automat transfer treasuri respons state budget apt poor financi perform coupl provis low qualiti servic prompt italian govern undertak drastic transform postal oper issu decre law decemb convert law transform apt epi ent pubblico economico separ account entiti effect januari law transfer newli establish epi asset liabil staff busi previous manag apt time loss incur decemb apt treasuri contract enter epi ministri entrust epi activ provis univers reserv postal servic ordinari express regist mail telex telegraph servic provis reserv univers servic parcel weigh kg payment state pension payment system collect post offic save behalf cassa depos prestiti postal current account telex telegraph servic contract allow epi provid open competit postal telecommun financi insur distribut servic contract impos oblig relat activ entrust epi bind qualiti standard postal financi telecommun servic servic classifi univers ordinari express regist mail telex telegraph servic deliveri parcel kg payment state pension collect post offic save behalf cassa depos prestiti postal current account oblig provid servic italian territori irrespect econom equilibrium post offic locat area trade distribut newspap public profit organis applic preferenti tariff set law lower normal tariff applic oblig reduc rate elect campaign clear activ refer previou recit entrust epi contract servic gener econom interest state requir provis servic social econom object epi requir provid servic profit maintain larg network post offic area turnov justifi direct presenc econom point view epi oper network offic itali lastli possibl epi set price servic distinct made period ministri control price servic provid pi entri forc decre law ministri retain control servic reserv epi authoris law set price postal servic freeli implement postal direct decre law reintroduc degre control ministri fix price reserv reserv univers postal servic order offset net cost born firm fulfil gener interest task italian state grant epi support measur exclus manag itali number servic call quot reserv servic quot defin law includ ordinari regist insur mail telex telegraph servic stamp servic direct annual reimburs form ministeri decis cipe decis decemb epi transform joint stock compani post italian spa pi effect februari relat pi state continu regul transit basi contract conclud programm contract sign pi ministri telecommun treasuri hereinaft contract contract reflect develop postal legisl contract market situat creat introduct postal direct unlik contract contract univers oblig bind qualiti standard regard financi telecommun servic iii descript measur complain alleg notifi state aid grant epi form initi capit itl billion eur million addit fund itl billion eur million exempt corpor equiti tax complaint refer addit measur provid law consist grant itl billion offset cost preferenti tariff press addit measur refer complaint commiss decis open extend procedur refer number measur view constitut state aid articl precis state order carri final assess need inform measur capit inject itl billion eur million epi exempt corpor equiti tax overpay state frank pension payment post offic save collect servic reimburs net cost relat univers servic oblig includ itl billion provid law refer complaint financi support provid state epi invest plan payment state instal princip interest relat loan obtain epi cover apt loss incur capit inject epi transform pi extend decis commiss refer debt write provid law januari hereinaft debt write italian state decid write amount apt ow treasuri includ epi account write amount itl billion specif itl billion close call quot manag save monei order quot itl billion pension paid postal worker itl billion pension provis earmark treasuri categori worker made redund januari juli examin financi relat state pi commiss assess abovement measur state aid rule end examin relat pi state year formal adopt measur chronolog point view measur identifi commiss decis open extend investig present commiss extend investig inform relat period indic italian state overpaid pi carri gener interest task commiss natur reserv conclus decid investig financi relat pi italian state period subsequ obtain inform purpos conduct investig orderli meaning commiss open decis identifi period cover investig run year measur identifi commiss decis defin scope present investig period measur relat period state open decis commiss focus analysi primarili measur effect competit greater note apt transform separ account entiti epi law treasuri order cancel cash advanc cover apt loss total itl billion eur billion italian author comment extend decis sum itl billion ad amount relat realiti loss gener loss identifi stage due account difficulti dealt context time relat sum consist instal debt write provid law refer open decis state wrote debt itl billion incur apt period open decis extend decis commiss focus investig support grant result commiss investig cover legal financi relat itali epi defin law contract law complet chang organis postal servic oper structur apt allow epi greater role set rate servic basi criteria defin programm contract post control ministri defin mean agreement amount remuner due epi financi servic entrust post offic save payment pension provid account separ ministri entiti charg postal servic newli establish epi adopt oper procedur commerci undertak term decis make process organis structur creat board director apt law oper drastic chang provis postal servic possibl offer product set competit price condit addit note manageri autonomi epi increas law gave epi power short period entri forc decre law set price reserv servic seek clearanc ministri signific chang reflect equiti capit fund alloc epi fact underlin oper organis account separ apt epi conclud law mark start period oper italian public postal oper manner task previous entrust apt regul financ state entrust epi carri epi set gener legal instrument signific purpos commiss investig abovement contract regul relat epi state contract govern relat epi italian state includ period competit activ engag epi pi limit respect turnov inform commiss dispos period pi suppli signific parcel servic specif dedic busi custom state contract enter forc regul financi relat pi italian state alloc suppli gener econom interest servic market creat implement postal direct programm contract consider number servic financi telecommun servic provid pi amount roughli pi turnov previous classifi univers subject pre determin qualiti standard longer classifi clear contract mark import chang gener econom interest task entrust carri epi defin financ state chang coincid entri forc decre law implement postal direct redefin rule regul market postal servic itali period homogen reason commiss treat year basi inform acquir procedur commiss conclud period epi pi benefit measur constitut state aid articl treati tabl support measur grant epi pi gt tabl gt sourc inform italian author balanc sheet calcul amount shown base moment aid authoris epi pi paid gener place case year result term present total amount aid lower potenti maximum amount aid italian author contest prudent approach detail descript measur relat period articl law provid initi inject capit fondo di dotazion epi measur itl billion extraordinari capit inject itl billion grant itl billion itl billion itl billion fund aim help apt competit commerci orient bodi assist epi busi plan articl law exempt epi corpor equiti tax measur introduc decre law septemb convert law tax temporari tax applic commerci undertak period calcul net equiti compani shown compani balanc sheet epi commerci undertak liabl tax exempt articl law initi capit inject pi measur provid articl law decemb state provid pi capit inject itl billion connect transform epi post italian spa capit inject grant tranch itl billion capit inject enter pi account actual payment place timet reimburs cost aris postal public servic oblig measur period provid law law provid reimburs law reimburs contribut cost subsidis rate distribut newspap profit public measur regul law implement measur previous law contract law epi pi oblig appli substanti lower rate normal distribut kind public state regard deserv special treatment state provid partial reimburs differ normal rate reduc grant sum epi tabl articl law laid pi appli normal rate distribut public januari state ceas grant aid pi distribut newspap measur result univers financi servic cover payment made state state bodi financi servic entrust pi classifi contract univers exce cost provid univers financi servic amount shown oper margin univers financi servic sector measur repay loan grant apt concern financ state invest made apt transfer epi law no apt made number invest order upgrad structur perform activ mechanis postal servic law provid state treasuri offset annual payment made postal oper reimburs loan grant cassa depos prestiti hereinaft cddpp financ invest measur oper cddpp grant loan apt epi paid instal treasuri reimburs interest princip law princip law no italian author confirm epi set continu benefit invest made law hold pi treasuri reimburs pi instal paid abovement loan pursuant law measur appli year loan grant cddpp respect epi liabl interest payment law no loan grant law annual interest rate appli cddpp portion loan grant law interest rate averag shown interest rate lower interest rate apt obtain capit market measur iv comment parti complain parti submit observ open extend decis present argument correspond commiss compat measur question common market measur distort competit market pi activ worth recal complain observ open decis refer addit assist grant epi pi period constitut addit state aid complain alleg itali refrain impos fine epi fail meet oblig programm contract imposit fine epi financi advantag constitut state aid articl commiss reject complaint letter juli alleg infring appear unfound contract provid sanction letter commiss invit complain provid data support complaint complain respond commiss invit comment itali italian govern argu repli measur examin commiss constitut state aid compens partial extra cost public servic oblig impos epi pi ii epi pi benefit compens financi servic provid state remuner market price price lower actual cost incur epi pi provis iii measur reorganis postal servic itali point italian author argu total amount compens receiv epi pi form cover net extra cost incur firm accomplish public servic task italian author measur identifi commiss constitut aid epi compens gener interest oblig regard point ii italian author argu financi servic provid state epi pi remuner market price firm enjoi advantag remuner provid state cddpp collect post offic save account market remuner compar servic bank current save account point iii concern italian author state measur refer commiss open extend decis regard separ oper constitut singl process initi law aim transform postal oper branch public administr full commerci undertak list stockmarket complex financi organis relat apt state process identif initi net equiti epi pi gradual lengthi capit inject epi pi itl billion aim separ asset liabil newli form epi measur constitut grant fresh financi resourc cover loss gener epi pi constitut state aid initi capit itl billion grant epi overestim itl billion reduc state entitl reintegr epi initi equiti amount line reason exempt corpor equiti tax state aid justifi fact state levi tax grant higher initi equiti epi token loan grant apt invest paid state interest princip epi pi substitut apt respect invest state pai loan origin provid measur constitut state aid lastli italian author argu commiss appli market economi investor principl assess fund measur firm involv provis servic gener econom interest firm definit oper normal market condit vi assess measur state measur constitut state aid mean articl treati requir fulfil grant member state state resourc form whatsoev distort threaten distort competit favour undertak product affect trade member state measur refer open decis refer complain commiss conclud constitut state aid measur payment collect distribut post public administr tranch debt write itl billion collect distribut post public administr servic epi state paid state gener price servic requir analysi articl treati state payment exce market price servic state paid apt flat rate postal servic suppli public administr epi set payment system chang articl law stipul servic provid basi rate forc charg levi postal servic mail presid republ pope union year adopt law payment postal servic public administr pose problem standpoint rule state aid italian author state price paid state basi law itl billion period state paid averag itl billion take account fact servic free system itali half volum post constantli decreas substanti line price paid commiss conclud measur give epi advantag constitut state aid tranch debt write total itl billion pension provis earmark treasuri categori worker made redund januari juli basi inform provid italian author commiss conclud debt write relat constitut state aid pension paid treasuri amount itl billion half paid state epi set case commerci enterpris debt write confer advantag epi outset constitut debt incur state measur constitut state aid mean articl treati involv state resourc favour recipi potenti effect trade member state aid grant member state state resourc form whatsoev natur fund concern commiss note fund grant form capit inject cover apt loss fund grant pension payment servic contribut cost univers servic oblig postal sector distribut newspap reimburs invest made apt grant direct state budget doubt measur constitut state resourc exempt corpor equiti tax involv direct cash outflow state directli affect public budget state fact forgo tax revenu legal entitl claim claim clear measur involv state resourc interest subsidi loan grant cddpp fund grant cddpp financi servic entrust epi collect post offic save commiss note cddpp set fulli control treasuri appoint manag board court justic case law order determin measur consid state aid articl treati quot distinct drawn case aid grant directli state case grant public privat bodi establish appoint state quot fund deriv directli state budget clear characterist state resourc aid distort threaten distort competit favour undertak product good articl financi measur consid state aid give recipi econom advantag basi principl court occas rule notion state aid mean articl limit capit grant subsidi includ measur natur subsidi capabl produc econom effect cover loss incur apt econom advantag apt elimin cost includ budget measur list tabl capabl give epi pi econom advantag mean articl capit contribut epi pi measur total itl billion establish case law capit inject made state resourc condit accept privat investor oper market economi confer direct advantag recipi compani constitut state aid articl recipi fact resourc financ expenditur invest seek loan financi institut obtain adequ return resourc receiv basi epi past econom record predict futur perform state expect return accept privat investor apt heavili loss make long time privat investor expect accept return invest itl billion epi financi posit year inject continu deterior reason appli itl billion inject pi previou forecast result encourag privat investor expect accept return pi busi plan submit italian author part proceed pi expect return condit econom balanc addit loss expect period return invest compani expect break accept privat investor oper market economi capit inject grant condit accept privat investor capabl confer econom advantag recipi mean articl exempt grant epi corpor equiti tax measur regard direct subsidi elimin cost item includ budget recipi measur capabl confer econom advantag measur concern payment made exclus epi pi state public bodi measur give recipi econom edg firm state fund invest made apt upgrad structur improv perform measur subsequ transfer epi elimin cash disburs epi incur pai invest state apt grant loan cddpp oblig repai epi inherit oblig state measur question allow treasuri offset payment result oblig reimburs amount firm pai year cddpp advantag deriv measur consist offset state sum epi pai year cddpp reimburs loan practic effect measur differ respect direct grant fund yearli basi establish case law grant state control entiti cddpp loan reduc interest rate measur constitut state aid note epi requir pai interest loan grant cddpp averag interest rate paid epi pi loan grant law no year averag interest rate remain loan grant law order determin interest rate gave pi advantag compar rate pi obtain period capit market commiss believ present case averag interest rate long term loan busi publish italian central bank reliabl refer point differ interest rate paid pi averag interest rate long term loan busi constitut advantag enjoi pi amount tabl calcul italian author argu loan financ invest upgrad apt structur provis gener interest postal servic epi paid higher interest rate cost univers servic higher italian author quantifi addit cost univers servic epi born paid higher interest rate submit detail inform commiss estim amount commiss accept argument basi forego conclud public servic oblig abovement measur confer advantag epi pi mean articl aid affect trade member state condit met state measur cover articl actual potenti effect trade member state epi oper postal financi sector competit present direct form oper provid servic includ base member state indirectli oper provid substitut servic competit postal sector itali gradual liberalis promot commun legisl express mail servic parcel servic dedic busi custom logist servic develop itali privat undertak base member state financi servic concern post offic current save account payment servic pi compet oper offer financi product bank financi oper larg extent substitut pi product post offic current save account payment save purpos competit bank current account save product note connect pi gradual integr payment system bank payment system italian bank connect enhanc substitut post offic financi product bank product bank sector open competit year extens trade member state bank member state oper itali directli branch repres offic indirectli control italian base bank financi institut light forego clear state measur give epi pi econom advantag affect trade member state articl servic gener econom interest order assess financi measur benefit firm entrust gener interest task determin aid aspect measur ow specif public servic oblig impos firm word essenti check financi measur question support addit net cost born firm fulfil task court justic consist held member state entitl ensur undertak entrust gener interest task perform task condit econom equilibrium support exce net extra cost measur constitut state aid firm practic benefit advantag mean articl state itali argu measur examin commiss decis intend offset net extra cost incur pi fulfil public servic task itali state support grant measur exce net extra cost incur pi account commiss assess measur question fundament question proportion compens receiv pi relat net extra cost incur fulfil public servic task period cover commiss investig commun servic gener interest europ commiss stress question compens examin light principl neutral freedom member state defin regard public servic proportion principl neutral mean commun neutral regard public privat ownership firm provid servic complianc principl issu present case freedom member state defin servic gener econom interest limit commiss monitor abus obviou error quot case except provid articl appli public servic mission defin explicitli entrust act public author includ contract oblig ensur legal certainti transpar vi vi citizen indispens commiss carri proportion assess quot regard quot definit quot quot entrust quot quot contract constitut legal instrument suffici defin entrust epi number gener econom interest servic proportion mean method fulfil gener interest task creat unnecessari distort trade exce guarante effect fulfil task perform gener interest servic ensur firm entrust task bear specif burden extra net cost involv case quantifi total net extra cost public servic oblig impos epi contract compar amount net extra cost advantag grant epi state epi compli postal direct introduc separ account make distinct cost revenu gener interest product cost revenu product present case pi margin activ area gener econom interest servic period investig commiss quantifi net extra cost public servic oblig impos epi basi certifi separ account state system oper result epi product ad profit subtract loss oper result servic perform gener interest oblig relev portion financi charg calcul total net extra cost incur firm fulfil gener servic task method rout profit unprofit includ calcul time incom posit margin achiev gener econom interest servic incom gener reserv area automat deduct net extra cost gener econom interest servic hand cost revenu product gener interest oblig impos includ sold unprofit rout calcul net extra cost gener econom interest servic commiss calcul net extra cost public servic task entrust epi pi period tabl net extra cost gener servic task entrust epi pi gt tabl gt high net extra cost due number factor epi regularli post loss reserv area largest part activ concentr univers servic area ii heavi burden impos preferenti rate newspap profit public account half total net extra cost iii small number postal item capita itali relat extent network worst item network ratio europ iv low effici italian postal oper method calcul net extra cost includ advantag enjoi epi exclus grant state order enabl epi perform task state grant exclus epi consist incur loss exclus area higher state sought compens grant exclus loss part net extra cost gener econom interest servic pi enjoi undeni advantag firm allow oper reserv servic advantag suffici cover net extra cost ow featur present case ineffici overstaf pi worst ratio europ network size number item capita revenu gener reserv area suffici cover net extra cost reserv area commiss deduct revenu net extra cost gener econom interest servic account entir advantag enjoi pi exclus tabl fund grant epi period amount itl billion relev period net extra cost public servic task exce financi support grant epi commiss conclud measur examin advantag epi exclus led overcompens net extra cost gener servic task entrust epi measur refer tabl constitut state aid reach conclus commiss check cross subsidis competit activ engag pi period cover apt loss commiss note prior adopt law state reimburs cost aris gener interest oblig simpli cash advanc financ apt loss cancel cash advanc regard post reimburs extra cost incur apt accomplish gener servic task apt limit account system inflow outflow includ budget ministri imbal inflow outflow part state budget econom result separ legal entiti final apt engag signific competit activ apt loss due provis gener econom interest servic commiss conclud coverag loss proport net extra cost gener econom interest servic entrust apt period year due account fact net extra cost born pi fulfil gener econom interest task amount itl billion year commiss confirm open decis point conclud sum itl billion period year exce net extra cost incur apt provid gener econom interest servic period vii conclus commiss conclud payment collect deliveri mail public administr tranch debt write itl billion constitut state aid mean articl treati conclud coverag loss incur apt prior provid law no disproportion net extra cost public servic task entrust apt period constitut state aid articl treati commiss find support measur examin grant period advantag enjoi epi exclus grant result overcompens addit net cost gener interest task entrust ent post italian post italian spa period constitut state aid articl treati adopt decis articl payment collect deliveri mail public administr grant italian author period question debt write itl billion provid law constitut state aid mean articl treati articl support grant italian author post italian spa ent post italian amministrazion post telecomunicazioni form measur examin decis grant exclus postal right result overcompens net extra cost aris gener servic task entrust constitut state aid articl treati articl decis address italian republ brussel march commiss mario monti member commiss oj oj oj oj notic relat postal servic postal direct articl postal direct articl italian offici gazett quot guidelin restructur italian post offic quot cost deem relat provis servic alloc activ base cost method basi inform commiss find methodolog appli consist statist signific number account quot resourc driver quot quot activ driver quot object result statist empir research analysi epi structur addit system revis improv yearli basi case ffsa ecr paragraph postal notic section postal notic section articl contract articl contract articl contract articl contract articl contract articl contract inter alia concern public servic oblig refer servic classifi univers contract articl articl turn refer univers postal financi telecommun servic instanc past financi servic question servic provid interest popul live centr financi institut access bank financi market token articl abovement direct presid council minist refer provid compens univers servic oblig postal area financi sector postal bank reserv area redefin implement postal direct decis ministri commun februari italian offici gazett turnov gener reserv area suffici cover cost incur epi pi provid univers postal servic present decis sake clariti term epi refer epi pi save pi separ account base contract italian offici gazett introduc decre law temporari annual tax italian compani balanc sheet net equiti abolish effect fiscal year articl law postal tariff previous set directli ministri post telecommun servic provid pi cover univers oblig gener interest oblig entri forc law postpon januari law payment sum state public bodi alloc pi payment pension financi servic collect post offic save servic consist collect save behalf state precis cddpp current account conti correnti postali save product buoni libretti postali detail servic oper open decis due lack analyt account data amount round upward commiss differ total oper result oper result postal telecommun servic regard loan treasuri offset outflow relat reimburs interest case itali commiss ecr case banco exterior ecr paragraph court held quot concept aid wider subsidi embrac posit benefit subsidi intervent form mitig charg includ budget undertak effect quot commun member state applic articl eec treati articl commiss direct eec public undertak oper manufactur sector oj footnot treasuri reimburs princip interest loan grant law amount advantag compris annual repay princip interest loan treasuri offset reimburs princip interest paid epi pi law no case advantag limit annual repay princip shown epi paid interest benefit advantag due low interest rate case belgium commiss ecr case citifly ecr ii bankitalia statist rate loan grant law interest rate rate higher market rate aid element year onward rate commiss estim basi data publish bankitalia differ averag rate appli bank long medium term loan firm rate paid epi pi cddpp multipli averag amount outstand year loan grant cddpp repay interest sole respons epi tnt dhl cite exampl foreign control undertak instanc case van eyk ecr paragraph advoc gener opinion case zuchner ecr council direct eec june implement articl treati oj council direct eec decemb coordin law regul administr provis relat take pursuit busi credit institut amend direct eec oj case fer paragraph report case corbeau ecr oj paragraph commun includ net cost provid servic state impos gener servic oblig practic includ loss gener univers postal telecommun servic univers financi servic profit due lack account data commiss round net cost public servic year basi averag ratio net cost public servic oper result period case ffsa ecr paragraph