commiss decis novemb aid scheme itali intend implement assist small medium size enterpris object region notifi document number italian text authent ec commiss european commun regard treati establish european commun subparagraph articl thereof call interest parti submit comment accord abovement provis regard comment procedur letter april perman represent itali notifi commiss accord articl treati draft amend cipe interministeri committe econom plan decis rule appli guarante fund sme object region provid articl law august examin measur question divid aid light articl treati commiss letter sg august commiss examin authoris amend measur cover cipe decis appli sector agricultur fisheri aquacultur applic agricultur fisheri aquacultur sector measur provid articl decre law june lai gener principl govern fund ratifi law august hereinaft refer quot law quot cipe decis lai rule applic law amend provis notifi italian author letter april examin commiss connect aid addit inform request telex august septemb telex januari commiss call italian author repli telex septemb addit inform forward letter perman represent itali june record receiv june fax juli record receiv juli letter novemb record receiv decemb letter februari record receiv march letter sg commiss inform italian author decis initi procedur provid articl ec treati respect applic measur agricultur fisheri aquacultur sector commiss decis initi procedur publish offici journal european commun commiss invit interest parti submit comment aid measur italian author submit observ commiss letter june novemb march comment receiv parti commiss receiv letter potenti beneficiari aid scheme protest delai authoris decis relat sole applic measur concern sector refer annex treati agricultur primari product process market agricultur product fisheri aquacultur ii descript articl law relev rule applic laid cipe decis subsequ amend provid system guarante small medium size enterpris oper object area itali scheme appli decemb guarante interest rate subsidi debt consolid oper guarante equiti loan guarante contribut bank public privat institut capit sme beneficiari receiv aid form debt consolid equiti invest combin budget itl billion approxim eur million aim measur permit consolid short term debt reduc cost loan market facilit sme access form financ promot capitalis order qualifi guarante debt consolid oper consolid extend period year repay made year earli fund bank concern guarante cover consolid capit fee guarante call undertak declar bankrupt month grant financ bankruptci occur period guarante cover bank loan outstand time undertak insolv guarante paid debt recoveri procedur initi interest fund bank respons debt recoveri procedur fund grant undertak interest rate rebat percentag point annual rate consolid oper rebat exce refer rate appli time contract cover consolid conclud consolid cover smallest amount short term debt outstand septemb outstand short term debt set latest balanc sheet time undertak turnov set latest balanc sheet qualifi aid perman financi resourc repres tangibl intang asset consolid case consolid capit time undertak turnov accord articl ec treati commiss notifi case consolid involv individu undertak exce itl billion eur million fund provid guarante maximum year durat cover equiti loan advanc bank institut flat rate fee princip guarante call undertak declar bankrupt month grant loan rate interest loan agre bank undertak fund grant guarante public privat equiti invest sme except equiti invest institut complet control directli indirectli state fee guarante invest maximum year debt consolid loan guarante refer recit decis initi procedur commiss note basi inform provid italian author determin debit consolid measur intend undertak viabl intend rescu undertak difficulti debt consolid measur intend viabl compani commiss note constitut oper aid prohibit agricultur fisheri aquacultur sector debt consolid measur intend undertak difficulti commiss note meet condit laid commun guidelin state aid rescu restructur firm difficulti rescu aid commiss note loan guarante provid greater month durat grant market rate aid restructur commiss note beneficiari requir present restructur plan measur prove compat guidelin guarante equiti loan grant bank guarante public privat equiti invest undertak commiss note measur constitut aid allow beneficiari obtain access equiti capit normal market rate guarante grant compani difficulti entir amount guarante consid aid aid grant viabl compani order financ specif invest beneficiari commiss note aid consid compat common market met specif condit applic sector concern aid grant viabl compani link specif invest consid constitut oper aid prohibit agricultur fisheri aquacultur sector decis open procedur commiss drew attent point cipe decis amend notif sentenc effect quot capac public financi institut accord law sole agri food sector rib spa part oper increas capit present annual report oper carri develop ministri agricultur resourc inform cipe quot commiss point oper carri rib spa public financi institut agri food sector hereinaft refer quot rib quot guarante fund note italian author declar effect oper carri accord articl law budget law market rate constitut aid commiss observ contrari commun provis capit public author receiv inform italian author oper fact request italian author provid relev inform iii remark itali italian author written observ relat question procedur matter substanc procedur procedur italian author point gener system region aid includ aid award guarante fund sme oper object area notifi european commiss accord articl ec treati letter ministri treasuri budget econom plan decemb januari system approv aid commiss decis march notifi letter sg march letter nation author notifi perman represent cipe decis criteria rule applic oper procedur guarante fund sme aid letter sg novemb commiss state abovement cipe decis fell scope approv decis march guarante fund compli limit requir laid decis letter march ministri treasuri budget econom plan notifi commiss draft cipe decis amend detail rule applic fund commun sg august commiss note propos amend fell scope guarante fund approv decis march state separ commiss decis adopt applic scheme agricultur fish aquacultur sector italian author emphasis draft scheme notifi accord articl ec treati approv abovement commiss decis march recit detail implement rule set cipe decis notifi abovement letter fall commiss scope approv guarante fund letter sg novemb commiss decid propos amend notifi letter march fall scope approv scheme implement rule unchang letter sg august italian author conclud scheme notifi accord articl ec treati approv commiss subsequ detail implement rule duli notifi commiss compris aid compon italian author conclud scheme quot exist scheme quot mean commiss consolid procedur rule state aid case exist scheme pursuant articl ec treati quot measur quot propos articl procedur initi italian author note measur put forward case point substanc substanc italian author point remark refer exclus debt consolid oper acquisit sharehold equiti loan fund purpos emphasis aid intend firm region fall scope articl qualifi virtu commiss commun method applic articl nation region aid exempt applic region cover articl italian author point applic commun guidelin state aid rescu restructur firm difficulti aid concern prejudic applic aid scheme authoris purpos rescu restructur region develop develop sme provid aid rescu restructur grant scheme fulfil condit commiss approv scheme paragraph point guidelin italian author provid comment scheme oper purpos guarante fund provid articl law rationalis financi balanc sme oper object area encourag proper access loan help overcom structur handicap beset small firm area result undercapitalis high cost borrow record half aim overcom major financi obstacl develop product fabric southern itali grant sme benefit design allevi addit financi cost constitut rescu aid aid restructur fulli line aid scheme authoris commiss letter march set detail rule oper criteria clear substanti limit sme oper area qualifi except provid articl ec treati molis abruzzo case end scheme brought real benefit wide utilis provid satisfact fund set subsidis loan account exhaust autumn end period origin set end gener speak sme qualifi subsidis loan small firm substanti sound produc profit suffer financi imbal result interest pai short term borrow debt bank institut date septemb bank liabil provis consolid liabil vi vi supplier financi servic factor firm econom sound subject bankruptci proceed potenti break basi adequ financi flow structur indic match predetermin criteria receiv similar benefit qualifi aid grant basi period regard oper rescu aid econom unsound product sector aid restructur firm experienc difficulti period qualifi benefit provid evid subject enforc procedur prove respect interest rate subsidi consolid oper authoris involv illeg monei launder oper locat object area sme oper agricultur process market agricultur product fish aquacultur sector addit meet requir overwhelmingli oper southern italian region specialis farm apulia campania total sme oper agricultur fisheri sector potenti beneficiari aid account applic aid submit guarante fund aid applic submit sme oper sector quot suspend quot novemb concern consolid liabil exclud aid acquisit sharehold equiti loan oper subsidi grant authoris sector aid applic sector quot suspend quot novemb repres total itl billion interest rate subsidi itl billion guarante total itl billion sme suspend sector receiv temporarili subsidi form aid guarante fund suspens lift aid grant limit essenti sound sme concern benefit provid articl law establish bank paid close attent assess applic firm carri liabil consolid oper applic receiv automat aid account fact risk born bank fund guarante call month payment aid italian author emphasis sme oper sector suspend conclud costli financ contract novemb take mortgag applic receiv benefit term subsidi prospect suspens lift obtain variabl assist respect loan contract variabl rate base refer rate undoubtedli lower notifi european commiss novemb light italian author stress authoris grant assist smaller firm order put posit aid paid basi cope financi imbal repres high cost recent year recognis authoris aid agricultur process market agricultur product fisheri aquacultur sector elimin structur factor extern firm southern itali case jeopardis destroi attempt compet freeli market distort fair competit busi conclus italian author emphasis region aid scheme approv commiss compris aid grant guarante fund meet requir set commiss decis approv scheme characterist scheme specif link attain object provid pagliarini van miert agreement refer point cipe decis rationalis financi balanc sme suffer result discontinu cassa il mezzogiorno gener econom crisi encourag proper access loan facilit relat bank firm rib involv scheme recit italian author state letter basi decis issu oper rib carri oper scope guarante fund provid articl law oper carri rib quot market rate quot accord law notifi commiss approv date oper meet condit laid commiss contribut grant rib law deem state aid iv evalu procedur italian author maintain commiss commit error procedur initi procedur respect applic scheme agricultur fisheri sector claim measur notifi aid concern amend aid scheme previous authoris commiss aid state recit issu rais commiss decis initi procedur concern implement aid scheme authoris italian author open articl procedur commiss propos quot measur quot italian author accord procedur laid articl treati make explicit refer italian author mind judgment court justic italgrani case case court rule commiss specif grant aid claim made pursuanc previous authoris scheme outset examin directli relat treati prior initi procedur determin aid fall scope gener scheme satisfi condit laid decis approv consid individu aid commiss back decis approv aid scheme decis presuppos conduct examin light articl treati jeopardis principl underli protect legitim expect legal certainti point view member state oper individu aid strict complianc decis approv aid scheme time call question commiss examin restrict commiss find individu aid complianc decis approv relev scheme aid question regard authoris exist aid case commiss requir propos quot measur quot member state concern articl treati prior decis open articl procedur convers commiss find individu aid cover decis approv scheme aid regard aid commiss entitl initi articl procedur itali point written observ recit gener system region aid includ aid grant connect guarante fund sme oper object area approv letter sg march aid criteria detail rule oper procedur guarante fund sme approv letter sg novemb aid commiss decis authoris guarante fund sme oper object area itali uncondit commiss letter march sg authoris state aid letter novemb sg authoris state aid final paragraph effect quot lastli commiss draw italian author attent fact scheme question appli commun rule provis receipt combin aid purpos rule provis sector industri includ cover ecsc treati transport agricultur fisheri quot applic scheme agricultur fisheri sector concern commiss approv condit fact assist guarante fund sme grant accord commun rule provis sector receiv italian author letter april notifi amend implement rule scheme introduc cipe commiss realis scheme fact appli agricultur fisheri sector manner accord commun provis rule sector explicit refer time rib role capitalis oper sme object area rais doubt aid grant favour sector manner accord relev rule doubt confirm italian author repli commiss telex request addit inform applic scheme circumst commiss accept italian author argument scheme quot exist scheme quot mean commiss consolid rule procedur state aid commiss aid grant contravent condit laid decis authoris misus aid entitl open articl procedur directli propos measur pursuant articl treati substanc accord articl treati aid grant member state state resourc form whatsoev distort threaten distort competit favour undertak product good affect trade member state incompat common market case point commiss consid condit applic articl fulfil commiss note disput italian author descript aid scheme comment italian author set show object scheme provid sme locat object area itali access financ favour term provid capit market aid measur provid consist guarante subsidis loan guarante commiss consist polici accord letter member state april sg regard guarante grant state directli financi institut entrust task fall scope articl treati decis initi procedur basi inform provid italian author letter novemb commiss calcul current guarante loan debt consolid equal subsidis loan fund grant undertak interest rate rebat reduc annual rate consolid oper percentag point amount subsidi exce nation refer rate appli time contract conclud decis open procedur inform commiss calcul grant equival subsidis loan commiss conclud cumul rate aid rise case compani difficulti written observ italian author note nation refer rate subsequ fallen actual rate aid time loan guarante grant calcul commiss calcul amount aid precis depend relev interest rate appli time loan grant condit attach thereto commiss conclud grant subsidis loan guarante constitut state aid mean articl contest itali addit scheme distort competit affect trade member state inform provid italian author sme agricultur fisheri sector qualifi aid payment suspend pend commiss final decis applic scheme sector approv grant aid repres interest rate subsidi amount itl billion consolid oper guarante cover total itl billion lack inform contrari italian author commiss consid entitl assum compani activ sector substanti intra commun trade take place agri food product consign itali member state total itl billion italian consign member state amount itl billion prohibit state aid articl treati uncondit except provid articl manifestli inapplic invok italian author similarli aid intend promot execut import project common european interest remedi disturb economi member state mean articl intend promot cultur heritag conserv mean articl consider applic measur provid qualifi except articl treati debt consolid oper involv guarante fund commiss note accord relev guidelin state aid agricultur fisheri sector aid measur intend financ invest italian author insist beneficiari sme consid enterpris difficulti connect italian author emphasis guarante grant scheme cover sum loan call undertak declar bankrupt month grant loan italian author beneficiari undertak substanti sound produc profit suffer financi imbal result interest pai short term borrow light explan commiss accept commun guidelin state aid rescu restructur firm difficulti appli measur question inapplic guidelin confirm fact beneficiari requir present restructur plan order qualifi aid decis initi procedur commiss observ aid measur link invest intend rescu restructur enterpris difficulti doubt remain measur appli italian author consid compat articl treati measur concern constitut oper aid approv commiss articl treati italian author observ confirm object measur eas cost born beneficiari benefit contribut beneficiari further develop econom activ region regard principl laid decis court commiss bound conclud measur question qualifi except articl treati observ italian author emphasis aid intend firm locat region fall scope articl qualifi exempt provis accord commiss region aid guidelin accord point guidelin nation region aid aid propos notifi commiss guidelin commun member state assess basi criteria forc time notif point commiss commun method applic articl region aid recognit special difficulti commiss derog authoris oper aid measur region specif condit set thereinaft indent point specifi aid quot design promot durabl balanc develop econom activ give rise sector overcapac commun level result commun sector problem produc origin region problem context sector approach requir commun rule direct guidelin applic industri steel shipbuild synthet fibr textil cloth agricultur sector industri enterpris involv transform agricultur product observ quot agricultur fisheri sector cover product process market annex product commiss consist polici year prohibit payment oper aid region includ region fall scope articl treati natur aid interfer mechan common organis market preced competit rule laid treati polici confirm time commiss adopt final neg decis respect aid measur notifi itali expressli state oper aid agricultur sector qualifi except laid articl treati accord commiss guidelin state aid connect invest process market agricultur product aid grant respect invest contraven sector limit set commiss decis ec sector limit preclud invest process market activ agricultur sector overcapac commun accord condit set decis ec appli commun includ region fall scope articl inconsist commiss prohibit aid invest favour activ agricultur sector time allow oper aid favour activ guarante fund intend debt allevi purpos financ invest incompat common market light conclud manner itali intend grant interest rate subsidi debt consolid oper guarante undertak oper agricultur fisheri sector pursuant articl law relev rule applic laid cipe decis subsequ amend constitut state aid mean articl qualifi except provid articl view italian author explan effect fund guarante equiti loan equiti invest aspect decis view italian author statement effect cipe decis particip rib capitalis oper provid grant aid provis law recit capitalis oper undertaken rib law notifi individu commiss aspect decis conclus commiss find fail account specif rule applic agricultur fisheri sector itali unlawfulli adopt aid measur provid articl law relev rule applic laid cipe decis subsequ amend breach condit laid commiss decis march notifi letter march view italian author statement procedur payment aid suspend intervent commiss aid paid previous step recov aid adopt decis articl state aid itali intend grant undertak oper agricultur fisheri sector debt consolid oper accord articl decre law june ratifi law august deem incompat common market eea agreement aid implement articl month notif decis itali inform commiss step compli therewith articl decis address italian republ brussel novemb commiss franz fischler member commiss oj footnot oj oj bull oj oj judgment octob case italian republ commiss ecr calcul work refer rate interest paid state loan similar durat fee payabl guarante debt consolid loan deduct amount commiss commun member state applic articl treati articl commiss direct eec public undertak manufactur sector oj sourc ministri agricultur polici guidelin state aid connect invest process market agricultur product oj guidelin examin state aid fisheri aquacultur oj footnot judgment court instanc case siemen commiss ecr ii decis cite footnot oj footnot articl judgment court justic case pig bacon commiss mccarren ecr report competit polici paragraph st report competit polici paragraph report competit polici paragraph report competit polici paragraph report competit polici report competit polici commiss decis ec march aid grant itali sardinia agricultur sector oj commiss decis ec aid measur provid sicilian region law oj commiss decis april aid grant region sardinia itali agricultur sector oj commiss decis march select criteria adopt invest improv process market condit agricultur forestri product repeal decis eec oj