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State aid: Privatised Italian banks; Italy's failure to recover illegal aid; Italian biodiesel; French scheme reducing solidarity tax on wealth

( March 12, 2008, 10:48 GMT | Official Statement) -- MLex Summary: The European Commission has requested Italy recover 123 million euros in tax reductions from former public-owned banks; and decided to refer Italy to the ECJ for failure to recover tax incentives in favour of companies taking part in trade fairs abroad. It also approved an Italian aid scheme to promote biodiesel and authorised a French scheme reducing solidarity tax on wealth with a view to promoting investment in SMEsPress releases follow:...

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