commiss decis march aid grant itali altiforni ferrier di servola ecsc compani special administr locat triest itali italian text authent text eea relev ecsc commiss european commun regard treati establish european coal steel commun articl thereof regard commiss decis ecsc novemb establish commun rule aid steel industri notic pursuant articl abovement decis member state interest parti submit comment regard comment fact procedur complaint lodg firm competitor commiss letter date februari juli ask italian govern inform aid allegedli receiv steel undertak altiforni ferrier di servola hereinaft refer af letter date march august minist industri trade craft trade italian govern state aid grant af acknowledg state guarante grant articl italian law af loan grant number bank basi inform dispos includ provid italian govern commiss ascertain af accumul debt time size share capit poor financi situat declar insolv nation court special administr procedur amministrazion straordinaria provid italian law ii state guarante grant law allow af secur fund order remain busi iii credit grant af guarante italian govern amount lit billion iv af pai italian govern premium consider exchang guarante light forego commiss inform italian author doubt question normal market condit credit grant af privat institut guarante view insolv commiss point line practic light court justic case law state guarante grant firm difficulti financ privat financi institut grant favour condit made financi market constitut state aid guarante activ difficult stage commiss determin aid compat common market decid novemb initi procedur provid articl decis ecsc respect aid question inform italian govern decis letter date decemb italian author fail fulfil oblig notifi aid septemb abovement letter publish offici journal european commun order give member state interest parti opportun submit comment ii observ interest parti procedur commiss receiv comment german unit kingdom govern british iron steel produc associ bispa german cast iron associ roheisenverband observ summar german unit kingdom govern bispa roheisenverband fulli support commiss decis initi procedur unit kingdom govern point state loan guarante constitut state aid artifici support oper insolv compani activ unit kingdom author feel entir sum guarante state state aid ask commiss requir guarante revok compani pai italian govern sum equival premium payabl respect guarante grant privat financi institut bispa stress fact hopeless financi situat compani ampli illustr commiss decis open procedur clear af continu oper state loan guarante grant led directli continu injuri suffer british produc produc light long product found found increasingli difficult complet fairli italian market af signific player german govern roheisenverband point af remain activ market larg amount state aid grant italian govern addit guarante question drew attent commiss lit billion state aid grant friuli venezia giulia region af view protect environ iii observ italian govern novemb commiss italian govern copi comment receiv italian author repli wish dai letter date januari februari italian author submit comment italian govern reiter posit put forward commiss decid initi procedur pursuant articl decis ecsc italian author contest commiss legal assess case maintain kind guarante grant articl italian law main aim safeguard ail compani maintain employ constitut state aid case assum contrari italian author view determin present case public intervent regard state aid commiss attach decis import fact state guarante activ fact suffici italian govern view rule possibl guarante constitut state aid addit italian govern point failur notifi advanc guarante state af respect discount commerci bill total lit billion italian author inform commiss oper applic law earli year implement earli give detail work treasuri ministri guarante treasuri ministri guarante measur introduc pend final af restructur programm respect commerci bill discount june guarante expir time period valid activ june af carri discount commerci bill bank system factor compani privat insur polici appear major difficulti experienc firm prevent find fund benefit state guarante final state consider amend rule govern state guarante law effect firm special administr make payment state base size guarante receiv line normal market condit similar measur appli af commiss letter date march italian author agre commiss state guarante grant charg constitut state aid amend law iv german govern roheisenverband point af remain market consider amount state aid grant italian govern addit guarante question drew commiss attent lit billion state aid grant friuli venezia giulia region af environment protect purpos commiss wish make clear sole subject present procedur state guarante af decid extend scope articl procedur initi novemb commiss empow includ final decis state aid allegedli grant af stress inform commiss possess lit billion aid environment protect plan award state aid allegedli grant af investig separ procedur claim italian author fail duti notifi guarante advanc commiss feel bound remind address letter state guarante member state letter commiss point assum guarante state direct indirectli financi institut regard state aid guarante notifi commiss prior grant af compani fall articl ecsc treati produc product list annex ecsc treati aid question grant form state guarante notifi author commiss prior grant accord decis ecsc commiss note italian govern regard guarante constitut aid notifi commiss grant pursuant articl abovement decis requir member state inform commiss plan transfer state resourc steel undertak appar fact commiss action italian govern allow af receiv consider financ commiss state guarante grant af illeg aid ground italian author fail give prior notif reason put forward italian author effect aid involv guarante activ commiss total irrelev ground competit distort occur moment firm enabl remain busi result state intervent moment compani borrow monei back state guarante remain observ put forward italian author commiss repeat line past commiss decis court case law state guarante loan insidi form state aid distort competit liabl extrem sever guarante grant ail compani poor prospect state guarante artifici support oper insolv compani unabl fund normal market condit compel increas capit close aid grant enterpris form state guarante loan contract privat financi institut number featur share extent acquisit public hold case acquisit public hold commiss presenc aid state guarante compar condit recipi compani obtain open market foremost assess recipi compani found privat guarantor open market reason state aid involv state guarante long beneficiari firm financi sound posit beneficiari firm obtain privat sector loan state guarante guarante provid payment firm premium usual commerci rate light risk incur lender privat loan durat compar term hand reason state aid involv state guarante case beneficiari state guarante find financi institut prepar grant loan term assum privat guarantor found premium paid state guarante case regard ail firm financi posit repay prospect aid high amount effect cover guarante case aid limit premium paid beneficiari commiss take view state loan guarante regard state aid firm obtain guarante privat financi institut case compani pai premium govern payabl privat guarantor case point worth recal af obtain guarante italian law appli establish independ court condit met firm emploi peopl debt time greater firm capit firm insolv incap pai debt normal agre af meet condit agre premium paid af italian state guarante italian author assur willing make af pai premium modifi italian law effect firm make payment state calcul accord normal market condit commiss bound observ recov premium paid af modifi law light factual legal consider af extrem poor financi situat legal statu compani special administr appear secur fund continu busi state guarante obtain guarante privat guarantor open market risk involv burden produc evid rebut conclus li italian author commiss note italian author suppli documentari evid show capac compani obtain privat investor similar guarante normal market condit basi inform possess obtain end investig commiss establish state guarante expir june af carri discount commerci bill privat guarante grant siac italian insur compani compani repres largest italian privat insur group generali aurora assicurazioni la fondiaria società real di assicurazioni assitalia toro assicurazioni allianz pace compagnia di assicurazion di milano il duomo banca popolar di novara largest privat bank itali guarante expir septemb grant premium year guarante amount agre amount premium paid month period lit million amount credit guarante period question light forego commiss conclud grant state guarante charg premium constitut state aid af obtain guarante open market hand appear guarante constitut state aid privat bank normal market condit compat aid common market coal steel articl ecsc treati incompat common market subsidi aid grant state form whatsoev abolish prohibit partial derog articl articl decis ecsc adopt unanim assent council pursuant articl ecsc treati establish rule author grant aid steel industri specif case aid research develop environment protect closur basi inform dispos commiss conclus state guarante issu cover abovement rule properli invok present case fact italian govern invok derog state aid form state guarante grant ecsc undertak af premium requir exchang illeg incompat common market coal steel commiss regard inform gather financi condit privat guarante grant siac conclud state aid question equal premium paid privat guarante agreement adopt decis articl state aid form state guarante cover amount lit billion grant june articl italian law italian state af subject payment premium illeg incompat common market coal steel mean articl ecsc treati articl aid equival premium af paid normal market condit guarante similar grant state itali recov aid recipi compani repay made accord procedur provis italian law interest base refer rate assess region aid scheme start run date aid grant date effect reimburs articl italian govern inform commiss month date notif decis measur compli herewith articl decis address italian republ brussel march commiss karel van miert member commiss oj oj commiss letter member state sg april sg octob