commiss decis decemb aid spain central autonom govern grant magefesa produc domest articl stainless steel small electr applianc spanish text authent eec commiss european commun regard treati establish european econom commun subparagraph articl thereof notic accord articl interest parti submit comment regard comment magefesa spanish hold basic form industri compani factori spanish autonom commun indosa derio vizcaya basqu countri gursa guriezo cantabria cunosa limpia cantabria migsa san roqu cadiz andalusia magefesa wide produc spain estim privat consult market share basic product rang reach figur pressur cooker pan stainless steel cutleri electr coffe maker electr grill year consolid turnov amount pta million export rate export member state account global sale volum magefesa start experi financi difficulti respect suffic turnov pass pta million pta million word global sale fell year hand accumul loss end exceed pta million group net worth amount pta million situat magefesa verg bankruptci explan put forward time glare declin caus signific failur manag appar process loss predomin nation market acut magefesa attempt counter effect embark high risk oper abroad final prove irrecover problem magefesa labour forc stai pratic constant begin emploi person geograph distribut worker basqu countri cantabria andalusia remain peopl correspond sale network view prevent standstil factori eventu bankruptci novemb magefesa commit manag spanish privat consult firm gestib februari firm present action programm negoti trade union final accept implement programm reli activ particip central state govern autonom commun industri site magefesa locat grant seri state aid step autonom govern concern creat interpos compani ficodesa basqu countri gemacasa cantabria manufactura damma andalusia main object hand enabl public author monitor aid grant implement gestib direct ensur oper magefesa compani prevent seizur creditor financi resourc inventori purpos basi joint agreement interpos societi market entir product magefesa previous acquir individu compani time administ fund raw materi semi finish good need compani provid proport work progress justifi expens ii complaint letter date januari spanish author commiss request detail state intervent decid favour compani magefesa letter commiss remind spanish author oblig articl eec treati notifi aid propos stage draw attent uncertain statu unlaw aid grant previous formal decis compat request prolong repli deadlin inform furnish letter addit inform provid meet held spanish repres septemb clarifi complex structur intervent announc miss inform restructur magefesa follow decemb commiss receiv memorandum action strategi magefesa drawn gestib document inform transmit commiss compani request commiss spanish perman represent declin transmit offici inform provid central autonom level public author award aid packag magefesa basic aim prevent bankruptci lessen advers social consequ adjust labour forc aid consist loan guarante amount pta milion loan market condit pta million subsidi total pta million interest subsidi worth pta million extraordinari subsidi worker made redund valu pta million discuss detail fourth recit analysi commiss consid aid question caught prohibit provid articl treati prima faci satisfi condit exempt paragraph articl commiss decid initi articl procedur respect aid decis commun spanish govern letter date novemb give notic submit comment member state inform letter date februari notic interest parti februari mean public offici journal european commun iii spanish govern answer commiss letter telex date februari loan market condit spanish govern state origin arrang made fogasa nation fund safeguard employe right event insolv employ magefesa fogasa paid place magefesa ceil establish regul salari indemn pend payment worker made redund loan question decid fund magefesa recov advanc spanish govern conclud loan view aid magefesa aid worker direct beneficiari measur subsidi spanish govern claim previou case aid worker magefesa govern autonom commun paid monei magefesa enabl pai remain part salari indemn due advanc nation fund exceed ceil establish regul consequ state intervent measur complementari social protect redund worker assist grant autonom govern concern basqu countri form loan guarante subsidi spanish govern claim award aid regim exist spain entri commun notifi time access commiss make observ spanish govern argu aid regim question region natur spanish opinion commiss forese compat oper aid lastli extraordinari subsidi grant favour worker accept dismiss spanish govern state contrari commiss apprais measur effect negoti magefesa worker complet man level adjust state intervent view gener measur social polici spanish govern intend mitig advers consequ unemploy worker longer entitl unemploy pai receipt comment spanish govern letter februari commiss drew attent spanish author fact answer essenti point reserv rais letter commun initi articl procedur absenc notif sound restructur plan compani magefesa duli endors public author serv refer discuss compat aid spanish author repli telex date march commun date administr author concern approv industri restructur plan compani magefesa framework consult interest parti govern member state industri feder submit observ support commiss posit underli danger distort competit aris aid spanish govern inform abovement observ letter date septemb give notic submit comment month period spanish author answer telex octob reaffirm observ submit commiss sens intervent right compat treati iv examin public intervent support magefesa commiss verifi extent measur aid element light articl treati inform commiss spanish author decid intervent relat magefesa save grant loan guarante govern autonom commun basqu countri cantabria andalusia award magefesa pta million worth guarante bank loan intervent undoubtedli constitut aid magefesa enabl arrang credit continu trade credit obtain state guarante financi difficulti previou abovement grant govern cantabria award guarante amount pta million intervent fall scope applic articl treati put effect entri spain commun ii loan market condit result insolv magefesa fogasa social fund depend central author basic financ parafisc levi employ social secur contribut commit pai redund worker place magefesa salari due legal sever payment ceil establish regul amount commit pta million simultan request magefesa fogasa arrang possibl reimburs monei paid place increas annual instal year bear annual interest rate rate contrast prevail market rate statist publish spanish central bank averag annual interest rate guarante credit fall due year hand repay condit establish debt princip reimburs year postpon interest accru paid instal deliber decid facilit compani recoveri abovement condit fit applic credit oper market condit consid financi difficulti experienc magefesa consequ public intervent question constitut aid grant magefesa financi advantag deriv reduc interest rate appli postpon artifici condit establish debt princip interest repay ecr iii refund subsidi govern autonom commun basqu countri cantabria andalusia award repay subsidi magefesa amount pta million aid andalusian govern grant subsidi intend enabl magefesa pai remain part salari indemn due advanc fogasa redund worker surpass gener ceil intervent autonom commun constitut aid magefesa award provid magefesa monei cancel part current liabil oblig reimburs rank subsidi straightforward remiss debt iv interest subsidi loan basqu govern award addit aid form grant reduc effect rate interest loan contract magefesa subsidi paid interest surpass annual rate basi magefesa receiv pta million intervent constitut clear oper aid magefesa obtain cash compens current expens charg state extraordinari subsidi public intervent consist extraordinari decis spanish ministri labour grant redund worker magefesa subsidi equival extens maximum admiss benefit unemploy pai estim cost state measur pta million worker concern part legal benefit temporari lai off spain entitl period unemploy pai fix limit portion time progress reduc beneficiari paid state temporari lai off inform commiss public intervent implement object ensur suitabl unemploy cover worker made redund view advers prospect reemploy area compani locat extraordinari decis place worker concern resign labour relationship magefesa consequ intervent judg favour undertak constitut aid magefesa extraordinari assist basic posit effect social protect posit worker public intervent relat magefesa review import point make consider connect comment spanish govern present decis commiss object intervent fogasa autonom govern favour worker magefesa safeguard right pai place compani salari indemn lose side intervent protect right employe guarante payment outstand claim deem justifi take account balanc econom social develop commun present decis commiss examin side intervent decis social fund autonom govern relat magefesa intervent favour worker element aid enterpris previous explain abovement public intervent favour magefesa directli indirectli strengthen financi posit reliev expens met creat suitabl condit obtain credit public intervent apt affect trade member state financi assist state strengthen posit enterpris compar compet commun deem affect enterpris score product market magefesa trade member state competit produc intra commun export stainless steel cutleri kitchen ware iron steel electr grill electr coffe tea maker nimex code amount ecu million ecu million origin spain part import spain good member state amount ecu million magefesa oper commun market past largest spanish produc sector likewis estim action programm magefesa plan attain export share sale member state account view abovement consider aid magefesa affect trade member state distort competit mean articl treati vi legal statu commun law aid magefesa save grant basqu govern aid magefesa award exist regim basi ad hoc decis author concern notifi commiss propos stage light commun law illeg legal aid grant basqu govern exist aid regim object implement rais commiss basi inform submit verifi case requir aid grant regim respect requir exist restructur plan sector concern beneficiari duli endors author charg follow aid regim respect spanish govern confirm author concern approv restructur plan compani magefesa fact constitut misappl aid regim reason commiss rais illeg basqu intervent illeg charact aid issu result failur respect rule procedur laid articl treati case aid incompat common market commiss make possibl court justic judgment juli case commiss feder republ germani confirm judgment februari case deufil gmbh amp commiss requir member state recov aid grant illeg recipi respect recal view imper charact rule procedur laid articl eec treati import public order direct effect court justic recogn rule june case carmen capolongo azienda agrícola maya illeg aid issu remedi posteriori vii articl treati aid meet criteria laid principl incompat common market except provid articl applic case natur aid direct attain object articl treati list aid compat common market compat treati determin context commun singl member state order ensur proper function common market regard principl embodi articl except provid articl constru narrowli aid scheme individu aid award scrutin invok commiss satisfi aid market forc insuffici guid recipi pattern behaviour serv object except except provid articl aid promot facilit develop area save san roqu cádiz area plant magefesa locat derio vizcaya guriezo limpia cantabria present standard live abnorm low underemploy mean articl part locat situat assist area pursuant articl assist magefesa requisit featur aid facilit develop econom area mean articl grant form oper aid condit invest job creation explain commiss commun principl coordin region aid system aid san roqu cádiz assist grant region aid scheme basi ad hoc decis autonom govern oper aid articl area cover except grant restrict control condit relat compani difficulti assist requir strictli condit implement beneficiari restructur measur lead viabl requir fulfil aid question explain exempt provid articl aid measur question intend featu project common interest project remedi disturb spanish economi spanish author invok articl lai exempt aid facilit develop activ aid magefesa fall aid compani difficulti group financi situat verg bankruptci moment aid award aid firm difficulti carri greatest risk transfer unemploy industri problem member state act mean preserv statu quo prevent forc work market economi normal consequ term disappear uncompetit firm process adapt chang condit competit time aid bring disrupt effect competit trade induc influenc price polici beneficiari opt undercut strategi stai market reason commiss develop special approach assess aid firm difficulti commiss express reserv principl compat oper aid common market condemn assist troubl compani numer occas commiss state view measur formul basic condit observ gener intervent restrict aid need compani busi till measur restor viabil put effect hand strictli condit implement sound restructur convers programm capabl restor long term viabil beneficiari assess compat aid propos commiss take account condit give rise state intervent judg return aid propos compensatori justif form contribut beneficiari normal plai market forc alter aid achiev commun object establish articl treati case issu spanish author fail provid commiss evid aid grant compani magefesa link restructur programm aim restor long term viabil letter commun initi articl procedur commiss inform spanish govern strategi transmit magefesa offici endors fulfil requir sound restructur plan strategi inform transmit outlin measur undertaken date rescu compani magefesa set natur applic state aid receiv degre complet labour forc reduct job initi propos cut back futur action market side strategi measur boost global sale order restor satisfactori level industri side propos invest improv product exchang equip factori cost quantifi invest estim pta million financ sell idl properti strategi submit definit commit measur undertak scale compani activ accord situat slump sale undertak made definit reduct product capac eventu close down industri facil light inform submit commiss financi viabil suffici group case endang appar futur draft budget present consider reimburs signific part liabil postpon rescu phase explan strategi magefesa meet expens capit contribut postpon case state guarante consequ commiss conclud strategi submit magefesa capabl viabl long term note spanish author refus endors abovement strategi reason bound implement action propos reserv transmit spanish author abovement letter novemb telex date februari submit comment procedur spanish govern make refer abovement reserv viabil magefesa focuss attent formal aspect aid grant reason letter februari commiss remind spanish author reserv warn eventu compat aid magefesa infer aid form part sound restructur plan duli endors public author concern commun commiss spanish author answer telex date march state date author concern approv restructur programm magefesa statement prove aid magefesa grant consider group futur viabil restructur appar purpos keep compani artifici oper current principl commun state aid polici fact absolut disqualifi aid applic articl exempt viii conclus aid question illeg spanish govern fulfil oblig articl meet condit fulfil order except articl appli reason aid magefesa issu incompat eec treati consequ aid element involv withdrawn adopt decis articl public assist compani magefesa consist loan guarante amount pta million ii loan pta million market condit iii repay subsidi amount pta million iv interest subsidi estim pta million grant illeg incompat common market mean articl eec treati articl aid element involv withdrawn spanish govern request stipul compli withdraw state loan guarante amount pta million convers soft loan normal credit interest repay market condit withdraw measur ensur aid element wholli abolish measur adopt effect time loan initi grant case convers assur instal relat abovement loan recov accord schedul fix recoveri pta million repay subsidi grant articl spanish author inform commiss month notif decis measur compli therewith decis execut place period nation provis interest arrear payabl state applic articl decis address kingdom spain brussel decemb commiss leon brittan vice presid ecr ecr oj