commiss decis octob amend decis ecsc ec state aid implement favour compañía española de tubo por extrusión sa locat llodio álava notifi document number spanish text authent text eea relev ec commiss european commun regard treati establish european coal steel commun articl thereof regard treati establish european commun paragraph articl thereof regard commiss decis ecsc decemb establish commun rule state aid steel industri articl thereof call interest parti submit comment pursuant provis cite background commiss decis ecsc ec decis open procedur provid pursuant articl ec treati articl commiss decis ecsc measur grant favour compañía española de tubo por extrusión sa hereinaft quot tubacex quot steel make subsidiari acería de álava commiss express doubt repay agreement compani wage fund fogasa reschedul agreement compani social secur fund measur constitut compat state aid mean articl ec treati articl decis ecsc decis ecsc ec commiss conclus measur itemis consist prevail market condit rate interest market rate decis state measur incompat common market juli loan agreement wage guarante fund fogasa tubacex acería de álava cover esp princip amend agreement februari februari cover princip esp esp march loan agreement fogasa tubacex acería de álava cover esp princip amend agreement octob cover esp princip agreement march social secur treasuri acería de álava reschedul debt amount esp agreement april social secur treasuri tubacex reschedul debt amount esp judgement court justic european commun april case spain commiss relat state aid grant spain tubacex applic spain court justic deliv judgment abovement case annul decis ecsc ec declar incompat aid tubacex reschedul agreement tubacex social secur treasuri repay agreement tubacex fogasa rate interest market rate rule case court conclud fogasa award loan undertak liquid difficulti settl valid claim put forward employe monei pai recov undertak fogasa conclud repay agreement enabl reschedul sum payabl make payabl instal similarli social secur fund agre reschedul payment debt respect social secur contribut payment instal court note repay reschedul agreement state act public investor conduct compar conduct privat investor lai capit view realis profit public creditor privat creditor seek recov sum due interest applic type debt intend make good loss suffer creditor debtor delai perform oblig pai debt default interest rate default interest appli debt public creditor lower rate charg debt ow privat creditor rate charg base argument court annul decis ecsc ec extent declar measur grant favour tubacex incompat ec treati decis incompat measur steel aid code extent measur benefit acería de álava challeng court annul part decis ii procedur examin court judgment commiss decid open proceed preced annul decis commiss inform spanish govern decis letter date februari sg commiss decis initi procedur publish offici journal european commun commiss invit interest parti submit comment analysi measur light court judgment envisag partial revoc decis ecsc ec iii comment interest parti comment submit interest parti iv comment spain letter date march spanish govern repli commiss letter open procedur main point spanish author disagre decis commiss open formal investig procedur view investig procedur carri envisag partial revoc decis ecsc ec reschedul agreement compani social secur treasuri spanish author support view commiss quot probabl case court agreement concern effect reschedul pre exist debt logic creditor behaviour lead seek obtain debtor rate interest arrear higher legal interest rate compens pursu recoveri debt legal mean quot contrari claim due financi situat compani cost delai uncertainti involv legal proceed court agreement frequent lead agre interest rate lower legal interest rate spanish author reiter argument grant defer appli legal interest rate protect interest social secur system term recov debt form action privat creditor spanish govern recal privat creditor agre interest rate debtor social secur author bound articl social secur gener law lai legal interest rate appli reschedul agreement debt commiss note open decis comparison term contain privat creditor agreement octob term reschedul agreement social secur author compani constitut correct applic quot privat creditor quot test defin court respect spanish author state due legal constrain public administr circumst public creditor similar privat creditor emphasis circumst agreement social secur author fogasa compani favour reach privat creditor agreement contrari gener final spanish author reiter view express procedur led decis ecsc ec submiss court assess recal court justic annul part decis ecsc ec relat measur grant tubacex commiss consid court analysi measur grant favour tubacex relat articl ec treati fulli applic ecsc part decis ecsc ec respect measur grant favour acería de álava order safeguard right spain interest parti commiss signal open investig proceed examin part previou decis view partial revok adopt decis basi assess comment receiv procedur confirm approach commiss element deem incompat common market set articl decis ecsc ec constitut state aid mean articl ec treati articl ecsc treati aid found exist commiss compat common market firstli note compani subject pre exist statutori oblig repai wage advanc fogasa pai debt respect social secur contribut agreement question creat debt ow compani public author repay agreement fogasa reschedul agreement social secur fund state act public investor conduct compar privat investor provid capit view realis profit public creditor privat creditor seek recov sum due assess contest state aid commiss compar default rate interest appli debt public creditor rate charg debt ow privat creditor act similar circumst note circumst debtor creditor prove problemat determin common applic behaviour privat creditor seek recov sum due commiss base assess analysi behaviour privat creditor case case approach case separ agreement fogasa compani social secur compani accord compani gener treatment reach privat creditor agreement reach octob circumst privat creditor public creditor statu secur provid commiss consid compar approach constitut case correct applic quot privat creditor quot test defin court subsequ underlin judgment june dmt case suppos public creditor behaviour examin compar hypothet privat creditor find situat commiss note articl spanish civil code establish legal interest rate appli compens damag harm debtor delai payment determin interest rate agre addit articl spanish commerci law rule case loan monei absenc specif agreement parti debtor oblig repai legal valor legal debt time repay legal interest rate highest rate privat creditor expect obtain pursu recoveri debt legal mean consequ privat creditor obtain debtor rate interest arrear higher legal interest rate compens pursu recoveri debt legal mean final circumst compani time reschedul agreement fogasa social secur fund made underlin financi difficulti result suspens debt repay doubt futur exist proceed execut possibl provok liquid compani public creditor act maximis prospect recov debt light commiss accept case reschedul appli legal interest rate debt ow compani spain seek maximis recoveri sum due suffer financi loss spain act hypothet privat creditor posit vi vi compani act conclus light assess alleg aid deem incompat common market decis ecsc ec lead conclus repay agreement fogasa tubacex debt reschedul agreement social secur tubacex constitut state aid assess lead conclus relat agreement acería de álava commiss consid amend decis ecsc ec adopt decis articl decis ecsc ec amend articl replac quot articl measur spain implement favour compañía espanola de tubo por extrusión tubacex steel make subsidiari acería de álava constitut state aid juli loan agreement wage guarante fund fogasa tubacex acería de álava cover esp princip amend agreement februari februari cover princip esp esp march loan agreement fogasa tubacex acería de álava cover esp princip amend agreement octob cover esp princip agreement march social secur fund acería de álava reschedul debt amount esp agreement april social secur fund tubacex reschedul debt amount esp quot articl revok articl decis address kingdom spain brussel octob commiss mario monti member commiss oj oj oj oj oj rec footnot ob rec